GREY:PENFF - Post by User
Post by
wintersun10on Aug 16, 2012 11:17am
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Post# 21557550
production est
production est old wells approx 50 boe
14-29 128 boe
15-32 111 boe
13-33 100 boe (guess)
Total 389 boe/day
Then if you borrow numbers from CQE you get a price of $20/boe
and an operating netback of $10/boe...........
Assuming the price of nat gas has bottomed this is a worst case scenario.
Per year 389 * 365 = 141985 boe/ year, multiply that by ten for your yearly operating netback estimate.