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0.00% 1.7¢ golden state resources limited

http://tonto.eia.doe.gov/dnav/ng/ng_pri_sum_dcu_nus_m.htmWell...

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    24/03/10
    14:32
    Post #: 6491496
    http://tonto.eia.doe.gov/dnav/ng/ng_pri_sum_dcu_nus_m.htm

    Well head price for december = $4.44 per thousand Cubic Feet

    1 000 000 cubic feet production per day / 1000 = 1000

    1000 x $4.44 = $4440.00 per day x 365 = $1 620 600 per year

    Even worse than my first calculation, really need all 3 wells to be completed to be worth todays price
    GDN Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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