re: thanks splain
I think you have also missed the biggest potential upside which is a little understated at this stage. Byczinski #1 has 6 zones of production one of these zones has potential recoverable reserves of 10-15 BCF. this is roughly between US$50 and US$75 million worth of gas. From one zone of one well with six other zones to produce from in development wells.
Byczinski #1 is cased and ready for production testing and on completion of tests will confirm the above reserves as proven producible. I would suspect production rates will be around 3.5 mmcfd giving AMU's 25% holdig revenues of around US$4500 a day or US$1.6 million per year.
Now just pretend there where 6 zones like this and times it by 6.
Wait a minute there are 6 zones like this.
Get the picture.
AMU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
