Let us assume15 Feb 2023 08:03
we are going to get mainly gas from Paradox. The 16-2 update on 8th December 2021 gave us some important information.
* Gas rates are substantially higher than expected, with modelling suggesting the well is capable of production plateau rates of 10 million square cubic feet of gas per day and 500 boepd of liquids.
* The test indicates a highly successful appraisal of a substantial new gas condensate resource and one which the Company forecasts will deliver strong single well economics. Using updated production forecasts and realised prices of US$3.00 per thousand cubic feet ("mcf") of gas and US$65 per barrel of oil ("boe"), the Company estimates that the well will pay out in under seven months and have a net present value at a ten per cent. discount rate (NPV-10) of US$12.5 million.
If my maths are right:
GAS: So 10,000,000 / 1000 = 10,000 * $3 = $30,000 a day * 365 days = $10,950,000 a year PER WELL just from gas
BOE: 500 * $65 * 365 = $11,862,500 PER WELL
Total: £22,812,500 PER WELL revenues. Not too shabby.