validation statement from neon, page-5

  1. 971 Posts.
    NSA estimates based on 2 zones and 2D Data
    Low 1.08bcfg
    Best 3.98bcfg
    High 14.22bcfg

    3D Data
    5 zones
    Drilling has found gas in first 3 zones. Then we have a kickback
    The other two zones will have gas

    Conclusion:
    I think we are fast approaching the high estimate. If we hit the high estimate the p/s is $2.20 as this is what 25% of 14.2 BCFG equates to.

    Anybody selling now..... Is as the old saying goes "a fool and his money are soon parted"
 
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