BUT - Jumonville never increased flow rates on either well. It started bad and got worse.
I am not saying that will be the case here.
Also, referring to Wobblyboots figures 1.8mmcfd using $3 per Gj = $5,400usd per day $3 per Gj is generous for North America
As for required ROI on an drill in Nth America, a good benchmark is 1,000bopd. This is just a pass - for good returns you need 2,000bopd The number are easy to work out: Days in the year bopd poo drill cost WI number of shares
If you don't know the 6 terms above - learn them before investing in oil again
Lastly, as for posting "timberrrrr" my non-holding opinion is that its unnecessary and immature
VIL Price at posting:
7.1¢ Sentiment: None Disclosure: Not Held