CEL
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9.62% 5.7¢ challenger gold limited

Just going through the presentation on slide 23 the mercury...

  1. oscarWon
    1,710 Posts.
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    14/09/11
    15:04
    Post #: 8959034
    Just going through the presentation on slide 23 the mercury stetson economics. And my math is not corresponding with the results on slide. Have i got my math wrong?

    Total Revenue per well based on 2.5BCF :
    2.5BCF = 2500000MSCF
    2500000MSCF x $4.50 = $11,250,000

    2500000MSCF with production of 2MMCFD = 1250 days or 3.4 years of production.

    The table on slide 23 states $1.8mil yet the cost of well is $2.6mil.



    CEL Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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