i may be out but royal pump coming imo, page-5

value of imp Yeah i think so too.

Tried to do a valuation recently on IMP - this is based on 15 wells remember, and they have up to 100+ !!!!

Don't forget their holding in bmx

Happy to have someone review this...

The first 13 wells are now producing.

Importantly - how much is each well worth - I think this is really important so we can properly value IMP now.

I have thrown this together. I am no miner, or numbers man, but just did it on the last announcements - and assuming price of gas around $5

Could be wrong, but just to throw it out there.

Valuing IMP
(Flow rates are based on announcement 16th June – avg 950mcf per well)

950 mcf a day x 15 wells x $5 (current price of gas) = $71,250 a day

$71,250 x 365 days a year = $26,006,250

Over 40 years = $1,040,250,000.00

Less $3,750,000 costs for each well ($250,000 for each of the 15 wells)

Total revenue over 40 years:
$1,036,500,000.00