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kownski

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kownski

Re: midtieroil post# 229851

Tuesday, 11/30/2010 4:16:30 PM

Tuesday, November 30, 2010 4:16:30 PM

Post# of 361995
Well, you are partly right.

<<1 TCF gas at $4 per mcf brings in $4 billion in revenue>>

Gas is not sold by the cubic foot, or at least not by me. It is sold by mmbtu. If they have 1400-1500 btu gas (as I did) then it's worth 1.4-1.5 times what a cf is.

I think gas over there is worth a lot more than 4 bucks.

John
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