Mainland Resources, Inc.(fka MNLU)

[Ecomike]

Do some math. If NG is selling at $4, and the big boys like Exxon paid $1.50 to $2 for reserves in the last year buy outs (some still needing additional wells drilled, but a sort of proven reserves basis purchase), when NG was selling at $2.50-$3.50, What does that tell you about the cost to deliver it?

If a well is a dud, or has too much CO2 the cost is infinite, as the denominator goes to zero, cost to produce/actual production goes to infinity as the denominator goes to zero, so with some wells being great wells, and others being duds, there must be a huge spread of examples? I think a well like the new MNLU well could have a cost of $1 with so much gas and pressure?

Everyone was quoting $2.5 as the break even for the lowest cost producer in 2009, KWK.

This showed up on my radar today:

http://www.flowcontrolnetwork.com/applications/energy/article/us-epa-announces-7-case-studies-on-hydraulic-fracturing#en