TEX target energy limited
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  1. jasace
    255 Posts.
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    09/12/09
    16:14
    Post #: 6023404
    Let's say that Highway 71 has 67.5 BCF of gas as indicated in various reports. Based on the current gas price of US$5.00 per MCF, would we expect Target to earn at least US$2.00 per MCF??? If so and the discovery turns out to be 67.5BCF and TEX gets 25% of this, it would add up to US$32,000,000. Correct me if I'm wrong, please!!

    TEX Price at posting: 5.7¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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