5200 mcf a day isn't very much gas to get excited aboutfor 8 wells. I hold shares in another gas play in Wyoming where 8 wells produce 970,000 mcf per day, potential for 200 wells on 34,000 acres with estimated 25 year life and their JV share is 33% and have 70 million shares O/S. Trades at 4 cents. If I am right, LCOL plans to have 200 million O/S after most recent fund raising effort and these are shallow wells with prospective short production life as I understand it.
It all depends on the management here. The prospects sound good, but it will take careful management of funds and resources to pull it off. I hope that is the case.
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