The gas price could be at a nice level at the time the gas is flowing at 6000mcf/day.
365x6000xUS$9.50= US$20,8M or approx $27,1M AUD.
Neo's income (after royalties paid) 30% of $27.1M AUD = $8,1M AUD/year.
This is only a small amount of what they will extract out of additional wells and additional zones.
Then there is the oil. An estimate update before christmas and the current share price is a memory.
I just wanted to give a positive thought to start the weekend.....
NEO
nuenco nl
The gas price could be at a nice level at the time the gas is...
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