And opinions today. Reading back with a nice G&T in the evening heat. Bugsy b VW coggy arsenal username wondered nmh et all good to see your posts. Dougal - I'm interested to hear what changed your stance on frontera. Dint worry I'm not going to jump in you as sine of what you say I agree with to a degree. I am however concerned about the manner you put things across these days. Your entitled to your opinion and to out your opinion across in the manner you see fit, I just don't get the complete turnaround! Bugsy if I miss the reply due to time difference and lack of wi Fi could you copy and message me any relevant reply. Cheers mate. The rest if you long suffering Frr ers- we're still up on last month and last year. Disappointing at the re trace but still sitting on higher lows.
Yes, I was looking at that Investopedia link too. Maybe someone can check my maths as I feel like I must be missing a step but how does the below look to folk:
700Mcf per day. 1 Mcf = 1,000,000 Btu 1 therm = 100,000 btu - current UK price 0.578p per therm. 0.578 * 10 = 5.78 * 700 * 30 = £121,380 per month £121,380.00 * 12 = £1,456,560 per year.
This is based on retail prices so I suppose it would be a fair bit lower for Frontera so everyone can take their margins along the way, plus I appreciate it is in Georgia this was more to get an idea of what this well would bring in.
Does anyone know how much this well cost to drill? Just looking at the basic figures of yearly losses & new wells, if they can get 12 more drilled then things start to look up. I don't know enough about Varang or the total debt to comment.
To finish on a rather more positive note though, if the Tcf figure is accurate & extractable then this from investopedia did catch my eye:
DEFINITION OF 'TRILLION CUBIC FEET - TCF' A volume measurement used by the oil and gas industry. A trillion cubic feet (1,000,000,000,000 cubic feet) is a volume measurement of natural gas that is equivalent to approximately one Quad. A Quad is an abbreviation for a quadrillion (1,000,000,000,000,000) Btu's.
Based on my, admittedly possibly dodgy, maths above, all those zeroes do look good!
Cheers all, have enjoyed reading a lot of your posts over the last few weeks so thought I would pipe up too. Apologies if I am way off on the above, certainly not my intent to mislead.
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