RE: Here we go π12 Dec 2024 07:59
Excellent!!
At conservative sustained flow rates of 2,000Mcf/day raw gas, 1.1% helium grade, and a helium sales price of $500/Mcf, production from the Darwin #1 would generate pre-tax cashflow of circa $4,000,000 per well per year. The Company controls the entire anticline in its leasehold and has the opportunity to place several producing wells within the Rudyard field and estimates production well costs of $1.2m per well. Therefore, Rudyard passes the Company threshold to declare an economic discovery with potential to repay well-field and process plant capital within a reasonable timeframe and allow excess cash-flow to be re-invested or distributed.