Hi Wilson, the way I read the announcement of 31/07/2006 the 10...

Hi Wilson, the way I read the announcement of 31/07/2006 the 10 wells together will produce more than 1000mcf per day rather than each individual well producing the 1000mcf per day.

Looking at the choke off rates for the first 4 I think they will be getting about 150 per day per well so that would mean:

12 wells x 150 per well per day = 1800 per day @ $8 = $14,400 per day IMP share = 10,800 per day or $3,942,00 per year.

12 wells cost = $2,225,000

Which is looking ever better!

Dazzler