Warnie,Good work on the forum... humour and technicals - just...

Warnie,
Good work on the forum... humour and technicals - just what we need. Questions for your m8 -

1. Assuming the well is commercial and proven at ~1tcf, what are the usual options -
a) drill more wells and connect and get gas and cashflow ?
b) sell off the asset to someone like Woodside as proven "in ground resource" for some %of net value ?
(How often does this happen ?)

2. What is the process to prove reserves - just flow testing ? or drilling multiple wells and proving each one ?

3. What is a typical %value when the asset is sold off.

Trying to see how the sp can (maybe) pushed up more than the value of the single well. Cos even if there is 1-2tcf of gas (which is ~ $20/share) that will be over the lifetime of the well(s).

t4p and other +ves - feel free to jump in (not that any of you need an invite..)

cheers
MD