gas discovery valuation, page-12

Listless and all elkateers

a very interesting thread

I'm interested in the nitrogen too. very little info around on this.

anyone know anything about this?

one question however on volumes;

from July 2009 Newsletter :

"The Company has continued work on the appraisal of the Kakadu
project in Yellowstone County, Montana. Elk owns 100% of the
Hereford #1 well that was drilled in 1956 and tested over 46 million
cubic feet of gas per day from the Lakota Sandstone at a depth of
2800 feet."

Note: it was 46 million cfpd, from only the Lakota.

It is now 10.3 mm cfpd combined. So what happened to the other 36 mm cfpd?

It was a huge number, which I queried at the time.

Anyone care to hypothesise where the missing gas has gone?

Apologies to D for mentioning the 100%. ;-)