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PENNYPRINCE 1

10/10/07 8:59 AM

#4320 RE: jjgarcia #4319

Nice news now lets see a gap and pop.
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Milen

10/10/07 9:37 AM

#4324 RE: jjgarcia #4319

jjgarcia here you go...

The price of NG as of yesterday was $6.86 ($US per mmbtu.)

MMBTU is energy measurement that measures a unit of heat. A unit of heat equals to 1,000,000 Btu (1 mmBtu); the thermal equivalent of 1,000 cubic feet of gas with a heat content of 1,000 Btu per cubic foot.

so 3,800 mcf = 3,800,000 cf = 3,800,000,000 Btu = 3,800 mmBtu = $26,000/day = about $10,000,000/year

From the above number you need to discount the interest that we sold to investors (some 25% maybe)

Any Thoughts...