work it out properly

1) Acid stimulation won’t be 10 times off a base of 300mcf, let’s not kid ourselves.
2) A conservative approach will be 500-600mcfd
3) Drill should bring on 4 wells per month
4) Drilling costs are $150k (or whatever it is per well)
5) ATMOS takes $3.20/mcf right off the top to recoup their capital costs for the first year
6) ATMOS then takes $1.65/mcf after initial year of production as delivery costs
7) There a bunch of royalties that you don’t seem to be taking into consideration (Landowner in US is 12.5%, private investors take a cut of 10%)
8) AKK is 75% WI, 56% NI
9)Decline rates of over 30-40% after year one,which will mean re-stimulation after 3-4 years.

Take all of this into account........and it's still worth $1-plus

Please DYOR