Just some approx numbers based on announcement from...

Just some approx numbers based on announcement from 31/007/2006

10 Well ecpected to produce more than 1000mcf but lets assume its 1000 per day.

12 Wells so far = 1200 per day
Contact in place to sell for $8 per mcf = $9600 per day
These things run 365 days per year so annual revenue is around $3,504,000 of which IMP get 75% (as these figures are all gross) $2,628,000. Less expenses but these wont be a huge % once these wells are hooked up it maintaince etc

Cost of the wells is $250,000 each of with IMP pay 75% so total cost of 12 wells is $2,225,000

Looks to me IMP recover all the costs in less than one year and from then on in its very good $$ and these wells are expected to have 40 years life and they have identified around 100 sites

Comments please

D