Ya,
interested bystander on Fausse Point
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
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- nice update ann
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