xtrapink, wouldn't that be closer to $50,000 per month?
You stated...
5. EACH GAS WELL that they open/reopen is expected to produce 300-400 mcf per day--does $600-700 per day per well sound good to you? (Plus an unknown amount of oil to go along with that). PRODUCTION TO START IN MAY 2007...this month folks!
I don't know all that much about the gas but isn't it going for around $7/mcf or a little more right now? At $7/mcf that is $2,100 to $2,800 per day or ~$60,000 to ~$84,000 per month per well?
If you say $50,000 per well per month that looks like around $600,000 per year per well? Your numbers, if calculated out like this, while still good, are considerably lower?
I found some press releases about other companies when talking about gas revenues and it seems they are using the ~$7/mcf when calculating revenues. I was only trying to figure out what kind of money we might expect from these wells and am getting some different numbers so just wondering if I'm figuring something incorrectly or how you were figuring around $18,000 per month per well and I'm getting closer to $50,000 per month per well?
I'm sure others are also figuring this up and may have run into the same question and just trying to figure it out! Thanks! :)
