My guess is this is by no means a duster at this stage
This is pretty good example of what we might be looking at noting out well is fully cased leaving stimulation options wide open
160 acres = 1000m x 600m
1bcf = about 1PJ
Cost of well = say $10M for 4PJ
4PJ revenue = 4x$5-$7/GJ = $20M-$28M
Cost to produce =$2.50/GJ(well) + $1/GJ(other)
Profit = $1.50-$3.50/GJ
CTP Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
