Go Forward #'s From Jason

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Go Forward #'s From Jason

posted on Sep 17, 2008 04:53AM

Hi Guys,

Just got an email back from Jason to confirm the go forward production #'s. BUY,BUY BUY while you can. Here you go.

Hi Jay

Based in our modelling of the production profile of a shale gas well, we are expecting to generate an NPV10% of 0 with a $3.50/mcf gas price (equivalent to a $20/bbl oil price) with an initial rate of 2 mmcf/d, capital costs of $3 million and total recovery of 2.4 Bcf per well.