News Focus
News Focus
Followers 21
Posts 2723
Boards Moderated 1
Alias Born 04/13/2003

Re: badnews2 post# 9157

Tuesday, 05/20/2008 7:02:58 PM

Tuesday, May 20, 2008 7:02:58 PM

Post# of 27567
No, I'm saying that a direct quote from the 10Q straight from the Trustee said that A-39 in back into production since last November and it's producing 1 to 2 MMCFPD of gas. Gas is running about $11.00 per MCF so taking the average of 1.5 MMCFPD x 365 = 547.5 MMCF per year. So the math is:

547.5 MMCF x 1,000,000 = 547,500,000 divide by 1000 =

547,500 x $11.00 = $6,022,500 not counting West Delta 61.

BCNU
Instructmba

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today