Not sure what would be breakeven, as pipeline costs etc have to be considered in addition to actual drill costs, but we can assume from previous info that they might hope for 6-10 MMcfd from a stimulated horizontal well.
So at $5 per 1000 cu ft, 6MMcfd provides revenue of:
$30,000 per day for gas
and @ $100 per bbl, and 70bbls per MMcf
420bbls per day or $$42,000 per day for condensate
So, $72,000 per day, which should cover a few bills...
In a rush, so better check if my decimals are in the right place.
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held