AMU 0.00% 21.0¢ amadeus energy limited

production test adds $m+ to profit, page-2

  1. 8,258 Posts.
    $8-$10m on profit line Could be 12 months before the gas is flowing out - depends upon the drill program and getting to production and commercialisation stage.

    Ok consider 4 or 5 wells being successful (i know low number but the averages are about 30% for these types of wells)

    4 or 5 x 1.5M allowing for a pullback in gas prices in the next year and $8 - $10 M seems a more rational and less blue sky proposition - everyone understanding what im saying here.
 
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