I have made a quick calculation on the revenue for this well. Based on the announcement, this should be the daily revenue from Joann#1 based on well#3.
Since production 16th May, on average the price of condensate per barrel is the same as crude oil per barrel (average price of $88 per barrel since 16th May).
As for natural liquid gas, the average price per mcf since 16th May is $2.55.
Based on average production of 415mcf of LGN and 82 barrels of condensate since 16th May, the daily revenue should be:
415 x $2.55 + 82 x $88 = $8274.25 (daily revenue)
Weekly revenue will be approximately $8274.25 x 5 = $41371 excluding Sat & Sun and so monthly revenue should be in the proxy of $160,000 per month.
Not too bad I say... :)
joann #1 revenue from well #3
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