Yep.
This doesn't put a lot of extra value into the share IMO.
In fact it is negligible IMO.
Maybe .01 - .02 maximum, going by my unqualified calculations.
I would say that going from 1.2c to 1.3/1.4c is about right for the Gas alone.
31 barrels of oil a day and 260 thousand cubic feet is not a lot at all
(so for the company, that is about $1 per million cubic foot
- and about $250 per day after costs for the oil).
Also many are considering that flows are yet to stabilise, which usually means that they will settle down (reduce).
Natural Gas, Dec. 2010 contract Price
$ / per million BTU's - Floor = $4.27
In VILs case, $4.27 divided by 4
Cheers
L
Yep.This doesn't put a lot of extra value into the share IMO.In...
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