RE: COPIC Producers Spring ConferenceDesan is worth $2.20-2.40 to the company when fully developed in 06-07 with ultimate reserves of 100 Bcf. It is only 23% developed at present.
This year, unlike past years, the company has a lot to do during the summer and fall. Ferreir has 39 low risk development locations and has multizone liquids rich natural gas that fetches a price premium because of its high heat content. These locations are close to existing infrastructure and are inexpensive to tie-in. Production will exceed 5000 boe/d by year end, unless we get a very wet fall.