Fellows Energy (fka FLWE)

[quickbuckvulture]

My Guess at 2006 FLWE Gross Revenues.

$800,000 Gross Revenue.

Revenues for first 3 Quarters of 2006 were $455,000.
They have 4 wells producing. Clearly, average daily
production would be nice to know.

Here's my unsubstantiated guess:
160 mcf per day per well. I think that's a modest target.
$6.00 per mcf. The average price is over $7.00

$960 per well per day
$3,840 per day for all 4 wells.
90 days

$345,000 for the 4th quarter.
Add the $455,000 from the first 3 quarters

Total $800,600.

Any other guesses out there??