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Bullboard - Stock Discussion Forum Paramax Resources Ltd V.PXM

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Comment by massEntropyon 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...
Comment by superdave2on 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.
Post by StockBadBoyon 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  
Post by Newt3on 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. ...more  
Comment by superdave2on 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 ...more  
Comment by toto3321on 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
Comment by toto3321on Apr 30, 2010 12:53am

RE: MBH

Got this message too late.... Sorry for this.Toto
Comment by toto3321on 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 ...more  
Post by superdave2on 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 ...more  
Post by superdave2on 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 ...more  
Comment by toto3321on 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 ...more  
Post by superdave2on 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 ...more  
Post by toto3321on 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 ...more  
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