hi guysas i said yesterday, if IMP can get 100,000cf/d per well...

hi guys

as i said yesterday, if IMP can get 100,000cf/d per well then they'll be over the moon.

IMP's share (60% NRI) of the above = 60,000cf/d per well..

60,000cf/d X US$8 =US$480 per well. then you need to takeout things like tax, maintenance costs etc etc..

in real terms, it isn't a fat cash cow, basically pays for coffee & timtams..

IMO they'll need plenty of producing wells..10plus..????

correct me if i'm wrong on the above figures..

regards
worth looking at Alto's (AOI) announcement today

"""AOI First Home Run Wells Go Into Production"""

like i say "i have no idea about oil & gas game"

but this might give you an idea about flow rates..

imo if IMP can get 100,000cf/d per well then they'll be over the moon..

you guys can figure out the rest..

regards