Thursday, December 05, 2013 5:11:16 PM
Now we have to remember that these KY wells gradually taper off to about 40-50 per day in 18 months time. So worst-case scenario is that in a couple years we are only at roughly 700 per day net to us. At that point all of the drilling costs have been paid off, and the earnings numbers start looking very good.
Throw in a couple more projects along the way and thinigs get even better.
Five bucks? Meh, I'm not counting on that. But I am counting on over $2.
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