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Bullboard - Stock Discussion Forum
Paramax Resources Ltd
V.PXM
Energy
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Bullboard (TSXV:PXM)
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•••
Gerdan
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Comment by
Gerdan
on Apr 30, 2010 10:17am
RE: RE: RE: RE: RE: MBH
nice dream
(0)
•••
massEntropy
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Comment by
massEntropy
on Apr 30, 2010 10:06am
RE: RE: RE: RE: MBH
If we take 4M and divide by 1000 (Mcf) and multiply by say $5.00 per McF then we get $20,000.00 per day multiplied by 365 days and you get $7.3M per year...
(0)
•••
superdave2
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Comment by
superdave2
on Apr 30, 2010 10:04am
RE: Dave is here.....
Yes Here. Not a broker.I should have used MCF instead of MBH in my original post.Either way the final number is right.I like our chances for a promising future.sd2.
(0)
•••
StockBadBoy
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Post by
StockBadBoy
on Apr 30, 2010 9:58am
Further Analysis.
It is always good to have a balanced discussion. I think Dave has brought good perspective on the potential revenue from Well #1. There are, however, still many, many unknowns such as production
...more
(1)
•••
Newt3
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Post by
Newt3
on Apr 30, 2010 9:38am
Dave is here.....
Oh great!! I am selling.....lolNice math lesson by the way?? What was your highest grade?? 6?? Typical broker... Think they knows it all... ya hot head... :-)Actually good ta sea ya Mr Dave2006.
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(0)
•••
superdave2
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Comment by
superdave2
on Apr 30, 2010 1:09am
RE: RE: RE: MBH
OK think MCF then M(1000) Cubit Feet or MMBtu M(1000)M(1000)btu's either way that's $3.98 and 4 200 000ft3 equals 16K
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(0)
•••
toto3321
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Comment by
toto3321
on Apr 30, 2010 1:00am
RE: RE: MBH
Still. in my book, and in Google's book, MBH means 1000 BTU per hours. Can't say otherwise...Toto
(0)
•••
toto3321
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Comment by
toto3321
on Apr 30, 2010 12:53am
RE: MBH
Got this message too late.... Sorry for this.Toto
(0)
•••
toto3321
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Comment by
toto3321
on Apr 30, 2010 12:50am
RE: extra math lesson
Excuse me again, but it still does make sense to me... MBH is a debit, meaning that its a number of BTU per hour, how can you sell a debit? You sell the amount of gaz, not the flow rate... The 3.98
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(0)
•••
superdave2
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Post by
superdave2
on Apr 30, 2010 12:50am
MBH
is not Million BTUs per Hour.it is M(1000)BH (Cubic feet or 1000 BTU equivalent) there is nothing to do with time (hour)I like our chances on the pressure thing I was
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(0)
•••
superdave2
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Post by
superdave2
on Apr 30, 2010 12:40am
extra math lesson
your ignorance is excused, although it may get you in to trouble if your investing is stuff you don't understand very well. If you google this stuff you find some helpful websites that
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(0)
•••
toto3321
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Comment by
toto3321
on Apr 30, 2010 12:21am
RE: Math Lesson
Excuse my ignorance, superdave, but you've divided the number of cubic feet per day by a thousand to get millions of BTU per hour (MBH)... I don't get this one. I'm also confused that you
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(0)
•••
superdave2
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Post by
superdave2
on Apr 30, 2010 12:00am
Math Lesson
4200000 / 1000 = 4200MBH x $3.98 = $ 16716/day x 365 = $5 014 800.00 year also remember maintenance shut downs etc.But hang on a
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(0)
•••
toto3321
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Post by
toto3321
on Apr 29, 2010 10:31pm
Correct me if I'm wrong but...
My estimation of the value in $$ of the 4.2 mcfpd of natural gaz may may not be accurate, as I'm no expert in the oil and gaz field. Still, considering that the price of 1 mmBTU is now 3.98$ (Dow
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(0)
•••
goldstocker
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Post by
goldstocker
on Apr 29, 2010 8:42pm
I heard Questerre
is in
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