The best and biggest producer after TLM. The one reason TLM is bigger, is because they have a farm in on our land!
I really like this statement and what he told about the frack-water. We continue drilling, testing and proving up resources and also he talked about a pipeline in 2011 and looking for tie-in options for production have started. So, yes everything is on track and running, we can wait for the next run up in sp. About an emission, I read that Binion said that it should not hurt existing investors, so maybe they wait untill the sp is higher(like I think others wrote maybe after Gentilly.
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Then I also tryed a little math. Rocco wrote about 1000 + wells a year comes into affect, I tried the math:
Brynstone, You say burning value of 6000mcf NG is 30$(cause at first I looked 80$:6=13$ I would think, but burning value may be it?).
Could you figure the share price by production/netback?
We just sprud St.Edouard 6mmcf/d, this is right away=3000/d or with 3,50$ cost(think we can agree about or close to 1.5$)= 1500$x300days=450000$ a year/well, little more conservativ=400000$ a year/well=2.25 Mill Nkr. Like 10wells could be 22.5mill Nkr revenue(I just try to figure how big this can be). An other way to look is to say, ok it will take 100wells to make 1$(little more:) a share or 1000 wells to make 10$ ? It's close to where I've posted before, a sp at 10-15$ (but this will a year:)
I know this is high hypotetical, but I try to think maybe like one who would like to short the share, but they would have to ad royalties and be aware that we have 46.5 mill$ on the book working and the price of land rising+our other land and wells:GS, Antler, Saskachewan and Horn River. Risky anyway you buy qec, I can only say that personally I want to be on the support buying side, cause I think you can never know! Maybe a big buyer will appear or TLM ramp up more:)
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