Expected Size of project25 Sep 2018 11:24
my view is we need to detail the size of the project in Kansas, we have 1 well Flow rate 2581 mcf so could produce $12500 to $25000 per day with quoted N prices, so $4.5 to 9m a year, not proven but flow rates probably not like ed wells with sharp decline, a good constant revenue flow. So what is the well count likely to be 5 10 20 that's the unknown . We've also been told that these vertical wells cost 250k new drill less to get capped well flowing, so low cost in drilling terms. So with 1 well on start of sales we will expect to be bringing in $4.5m min pa with the well already drilled, when sales start. Plus revenue from ED .make Your Own conclusions .