IMP imperial corporation limited

g'daymeerkat, thats about right, but only initially, the...

  1. 5,382 Posts.
    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
 
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