BUR 9.09% 12.0¢ burley minerals ltd

Gas price in the area is typically 7-8% above Henry Hub spot...

  1. 45 Posts.
    Gas price in the area is typically 7-8% above Henry Hub spot which is ~ US$7 per mcf. Let's use US$7.50. BUR nett revenue interest on Jet 3 is 29.25%. I believed there is no local tax for gas sales.

    5mmcfd - 5000 x 7.5 x 0.2925 ~ US$11000 per day
    15mmcfd - 15000 x 7.5 x 0.2925 ~ US$33000 per day
    30mmcfd - 30000 x 7.5 x 0.2925 ~ US$66000 per day

    Note the flow rate will taper off in time, some rapidly and some slowly.

 
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