g'day
meerkat, thats about right, but only initially, the production falls away fairly quickly in the first 5 years at which point half the gas available is produced.
So looking at following graph and taking the above average (though imp said well above average), divide by 5 (years) divide by 365 (days) and multiply by 10 gives you a total average for 10 wells (there'll be a lot more) of about .63 mcf per day.
I bought at 1.6, sold at 2.1, mmmmm, must work on those exits. cup and handle on 5 year chart gives a target of around 6c over time.
cheers
Rod![]()
Add to My Watchlist
What is My Watchlist?