Yea obviously there will be production costs to get the gas out...

Yea obviously there will be production costs to get the gas out of the ground.

I'm just pointing out what the 267 BCF means for the future value of the company should they be able to extract what they're aiming for.

I'm seeing a CAPEX of about $75m ($1.1m per well which is very cheap IMO) and gas sales at $7.50 per gj.

There will be more production costs likely but I don't think it's really going to chew into the margin too much.

I mean heck, even the in ground value could be worth 12 times the current market cap. Take into consideration the future dilutiong and it's still 6 times the current cap. 80% of the project and it's about 5 times.

Not a bad start I reckon.