MAE 0.00% 0.0¢ marion energy limited

We will find out in the fullness of time. Gs flow information is...

  1. 739 Posts.
    We will find out in the fullness of time. Gs flow information is not accurate at present.

    The closest thing we have to gas flow information is that the wells are producing between 2.5 to 3.5 mmcfgd, coming from 2 wells mainly. Released on the 20 May, I think.

    Water levels must be coming down now so would expect to see some more figures about production in the next few weeks.

    It maybe 3 to 6 months before we know the outcome of the work overs and pump down of water levels.

    Also have read reports stating that Questar have compressor issues that make it difficult to get accurate readings.

    You can get flow production figure of the UTAH Oil and gas website, the last figure entered was in January 2014 which 1.7mmcfg for the month and has not been update.

    I am starting to think flows will be around 15mmcfg gas per day but that might not be until OCTOBER. Educate guess.

    Way to many variable to be sure at present.

    At 15mmcfgd at $4 per mcfg annual income not allowing for down time etc, pump issue would give rise to an annual sale of gas of $20.9 million, at 10mmcfgd annual sales of 14.6million

    Factor in down time of 10 to 20%, then you can do the calculations.
 
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