mae analogy, page-4

This is my prediction

1. Next week or week after 5mmcf stablised flow rates ann.
2. A week or so later perhapes 10- 15mmcf ann
3. by end of this quarter we will have steady state 20-25mmcf
4. Beginning of next quarter late this quarter they will commission a reserve upgrade report.
5. new wells will start to be drilled next quarter.
6. They will mostly complete the wells by mid to late Oct

The thing is once we have positive revenue they can use the additional 6 Mill in the kitty to drill.

Each well cost about 1 mill to drill and 500k to tie in