Just looking for info about wells near Atchoa prospect what type of profit. Found a similar pay zone gas prices On the henry hub where $1.00 us more $6.10 when this was released prices on HH $5.10. but you can see what type of company changing event this could be. Release from near by prospect. Production and Revenue: - 10 MMcfd gas and 280 bbl oil condensate maintained - Monthly revenue continues to exceed $4 million - Reserves report due soon.
Take away 10% due to price differences 3.6 mil a month or 1.8 mill Fut share or revenue of 20 mil+ per year.
Not bad for a first project with plenty more to come. Even if half is deducted in costs. You give Fut 10mil profit PE of 6 and sp is 2.1 cents quite a big jump from where it is now.
FUT Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held