Thursday, September 22, 2022 9:11:16 PM
Here is a quote from the PR talking about the test..
Fesco Petroleum Engineers in Alice Texas (www.fescoinc.com) ran a series of tests on the Company's Thiel Lease between July 20 and July 21, 2022. During the duration of the Fesco test the well produced over 800MCF natural gas.
https://www.otcmarkets.com/stock/AGYP/news/Allied-Energy-Provides-Natural-Gas-Data-From-Third-Party-on-New-Thiel-Lease-Acquisition?id=371021
The EIA spot rate is measured in (Million British thermal units) MMBtu's. The last spot price was $ 8.81 per MMBtu
https://www.eia.gov/dnav/ng/hist/rngwhhdm.htm
$ per Mcf divided by 1.037 equals $ per MMBtu
https://www.eia.gov/tools/faqs/faq.php?id=45&t=8
So 800MCF / 1.037 = 771.45 MMBtu
771.45 MMBtu X $8.81 = $6,796.47 per day
$6,796.47 per day X 30 days = $203,894.23
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