200BCF structure. You would forgive past failures if they bring this one home.
Lets have a look at the numbers.
If full to spill point.
200BCF
Assume 50% recovery.
= 100BCF
AZZ has 50% of prospect.
= 50 BCF
Now I well head gas price is about $US7 per MCFD
50,000,000 Cf x $7US = $US350 Million.
Now a flow of 10 MMCfd would be nice (no very nice)
10,000 Cfd x $US7 x 365 = $US25 Million p.a.
