re: value of imp Accurate flow rate data can be provided to the...

re: value of imp Accurate flow rate data can be provided to the market once they have been in production for 3 months.

As per 18th July announcement:

The first 4 wells were choked off to produce in total of 500 - 600 mcf per day - must be combined - so 150mcf per well per day

Sorry, my mistake.

So, would it be correct to say, based on JUST 15 wells for now:

150 mcf a day x 15 wells x $6 (current price of gas) = $13,500 a day

$13,500 x 365 days a year = $4,927,500 per annum

Or if they have 100 wells going...$

150 mcf a day x 100 wells x $6 (current price of gas) = $90,000 a day

$90,000 x 365 days a year = $32,850,000 per annum

Less 172,500 per well in cost (their share of the cost)
They hold basically 61% revenue interest so less the 31%

Am probably wrong along the way, I was first time :)