VEN 0.00% 0.9¢ vintage energy ltd

Does anyone have the skilset to work out how much $ per day VEN...

  1. 9 Posts.
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    Does anyone have the skilset to work out how much $ per day VEN are selling based on the previous announcement of 3.9 MMSCFD?

    3.9 million standard cubic feet
    = 110,000 cubic metres
    25.5 cubic metres to a gigajoule
    110,000/25 = 4,400 gigajoules per day
    4,400 * price (call it $12 at the cap) = $52,800 per day
    = $19,272,000 rev per annum from the first well

    Am i on the right track? 2nd well probably doubles revenue.
 
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