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26/03/08
04:37
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Final well report:
The Wilkerson #2A has estimated recoverable reserves of 600 MMCFG from the Fort Payne Formation and the New Albany Formation.
http://www.austinexploration.com/Park%20City%20-%20first%20well%20a%20success.html
600 mmcf based on 200 mcf/d -> 8 years of production and 600 tsd USD per year.
Is the Gas net the same as oil net...? If yes, then the net outcome is 25% of 600 tsd -> 150 tsd per year
Cost per well is 600 tsd USD...(First 4 years to pay the well)
I think that's the reason for the price is going down!
Hope for higher production and some more mmcf by new frac tech!
Cheers,
Sil
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