Each Horizontal can multiply the flow by a factor of 10 to 20.
So, Vertical Flow Rate x 10 to 20 x 16 for each Pad.
20 Pads per Block.
So, to give a very basic estimate on the Concession.
VFR (Vertical Flow Rate) x HMF (Horizontal Multiplication Factor) x QoH (Quantity of Horizontals) x QoP (Quantity of Pads) x QoP (Quantity of Blocks).
VFR x 10 to 20 x 16 x 20 x 4.
So, as an example .... if the Vertical Flow Rate was 0.5 Mmscfd.
Production Capacity per Horizontal .... 5.0 to 10.0 Mcf per day. Production Capacity per Pad .... 80 to 160 Mcf per day. Production Capacity per Block .... 1.6 to 3.2 Bcf per day. Production Capacity in the Concession .... 6.4 to 12.8 Bcf per day.
Obviously, not all Blocks will be producing at the same time but it gives a flavour of the type of production that can be achieved.
Each Mcf sells for roughly £6,000. Each Bcf sells for roughly £ 6 Million (£6 Billion per Tcf).
Sales Value of the Gas per Horizontal .... £30k to £60k per day. Sales Value of the Gas per Pad .... £ 480k to £ 960k per day. Sales Value of the Gas per Block .... £ 9.6 Million £ 19.2 Million per day.
Annual Sales Value of the Gas per Horizontal .... £ 11 Million to £ 22 Million. Annual Sales Value of the Gas per Pad .... £ 175 Million to £ 350 Million. Annual Sales Value of the Gas per Block .... £ 3.5 Billion to £ 7 Billion.
There are 4 Blocks in the Concession .... :o)
It's just an example but would be one hell of an income .... or one hell of an interest to sell to a major E + P .... :o)
that article and those figures from 3legs really show what sle could be sitting on with lewino alone.....,as when these results come out which could be more than what 3legs got on a horizontal..bingo ..full house..whatever you want to call it as we know that from a horizontal timing those vert figs by between 10 or 20...wow.majestic.....sle will be sitting on a multi billions field..who picked the acreage..OF&JB..and bought the acreage for around $5 an acre....what can the knockers say ............nowt.........silence..bring it on......but saying that if we keep two...because you cant beat a pair of knockers!! he..links
this is interesting............................" The multi-stage fracked Lebien lateral well drilled by UK independent 3Legs Resources and ConocoPhillips, flowed at just under 500,000 cubic feet/day, Kamlesh Parmar, 3Legs' chief executive told the Shale Gas World Europe conference.
"I need a significant improvement to get this thing to work. The next well comes in at 1.5 million cubic feet/day. That is the number I need to achieve and ideally a lot more than that," he said.....................................so boys and girls.........lewino if we can do 500,000 or more on a verticle.....on a lateral we can times that fig by 10 or 20.......we have it..bingo guys!from 1 lateral then times again by 16...from 1 well.........lewino has 345sq miles......if flow rates flow at 500,000mcf/d........or more.......this concession is a multi multi billion dollar play for sle.........FACT...........links
If we knew that we'd all be millionaires! lol. Most shares are being traded many times a day and that tells you that some people are buying and others selling. Presumably everyone thinks they are doing the right thing at the time. The answer to your question is that everyone has their own agenda and this will determine when they take profits or accept losses. Dependent upon how much you have invested here it might be wise to sell off in tranches (topslicing) which can cover the 'selling too low' and 'waiting too long to sell' scenarios.
Kwidzyn, yes looks like it was from May 2013, although from the reaction on the boards no one had seen it before, until now...... I did wonder why Turkey was not mentioned in the interview.... either way still a very positive interview ....
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