The sale price of clear creek will depend on how much gas they can get out of the wells.
We can all speculate whether it is 10million, 50million, 100million or 200million.
My thoughts on this were that we wont know how much gas is going to be produced to around October. Based on how long it has taken in past.
Well testing reports from 2007 said wells were production tested between 1 and 4mmcfgd most being at the higher end. True or False who would know.
How accurate that is or sustainable is a really good question. This is where the rubber hits the road. Gas flows!!!!!!
If those type of flows are attained and sustained then you will see this sold at the upper end of the price range.
The company believes the gas is there and will flow and have convinced TPG to support them and as usual the proposed gas has taken longer than expected to flow, if it ever will.
There will be plenty of money left over for investors with great gas flows and none if the water is pumped down endlessly. IMHO
MAE Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
