multi bagger in the making, page-7

Vayama,

Lets do your calculations again

The $8000 per day is a NET figure from the first two wells.
Once the wells are hooked into the gas pipeline grid ( and they are ) there are no significant costs.

So the TOTAL $8000 goes straight to bottom line.
The production is ALL profit.


Jet 3 is not producing yet, but indications are that it will be better than the other two.

The second well, Rocket 2, is producing at 3.8 mbpd and it is likely that Jet 3 will be just as good.
It is currently being hooked into the grid.
BUR only get 13.13% of production net revenue from Rocket 2
but they will get 29.25% net production revenue from Jet 3

If you do the calculations based on a similar flow rate for Jet 3 as Rocket2 this will give BUR an additional $8000/ day net revenue...again straight to the bottom line

$16000/ day profit

It starts looking pretty good !

So far they have 3 gas producers from the first 3 wells.

Then have a look on their website at what they have planned with multiple wells in the same very prospective areas.


Cheers,

Bendigo