2mmcpd at $8Gj makes about $5.8mil annual revenue, sounds commercial to me!!!
Dunno what a horizontal well with fraccing would cost in the CB, if you did a run of 5 or 6 would it be as high as $10mil a well.
What would annual maintenance be or are they set and forget sort of things?
Maybe just do as many as is required to get enough economies of scale to make it commercial
Maybe go to Haliburton with a 50 well drill and frac program for $5mil a well see what they say!!!
How much does the gear cost, maybe a giant JV between ADE, BPT, DLS, ICN, STX for a giant drill program across the nappamerri, we all buy the gear and just start at one end and drill until we get to the other end, If we have the gas ICN has the sales agreement at oil linked prices
ADE Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held