quick calcs

Ok have been reading over the Webernik and Shefcik announcements to get ballpark figures to plug in some numbers to the current D1 and D2 equation

Conservative(not including GF1)
POGas approx $US6 per 10thousand CF
Flowrate D1 - 2million CF/d
Flowrate D2 - 2million CF/d
Production days 250

(10,000 into 2 million is 200)
200 times $6 times 250Pdays times 2 wells
or
200*6*250*2
= $600k a year
22.8% = $136,800 p/a nett

Average
POG approx $US7.50 per 10thousand CF
Flowrate D1 - 5million CF/d
Flowrate D2 - 5million CF/d
Gilbert Freeman 1 - 2million CF/d(just a guess)
Production days 300

2 Duncan wells + Gilbert Freeman 1
=(500*7.5*300*2)+(200*7.5*300)
=2,250,000+450,000
=$2.7Million Per annum
22.8% = $615600 p/a nett


High estimate
POG approx $US9 per 10thousand CF
Flowrate D1 - 10million CF/d
Flowrate D2 - 10million CF/d
Gilbert Freeman 1 - 7million CF/d(just a guess)
Production days 350

2 Duncan wells + Gilbert Freeman 1
=(1000*9*350*2)+(700*9*350)
= 6,300,000 + 2,205,000
= $8,505,000 Per annum
22.8% = $1,939,140 p/a nett


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Current shares on offer 308,758,983
Current share price 26.5
Current market cap $81,821,130
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