finally, page-6

MC Camma

That would be net earning not gross revenue, right?

I had need to scope such things earlier this year when trying to value the potential of a coal bed methane (CBM) play I am into that is operating in Europe.

One comparison I made was with several mature US producers capitalised at US$3 to 5 billion .... their gas sales were within a price range of US$5 to 7 per 1000cuft (as I recall) ... which is US$5 to 7 million per bcf I guess. I looked at several annual returns for these companies and recall that production costs were generally less than US$3 per 1000 cuft ... hence it is possible your figures are profit not gross revenues?

Cheers
Poyndexter