RE:Compare with v.CWV Crown Point in March will be re-submitting its application to participate in the New Gas Natural Gas Incentive program
. This program provides financial incentives to producers who increase their production of natural gas. Incremental natural gas production above an agreed production decline curve can receive up to $7.50/mcf under the program.
RPT base production is about 200 boepd nearly all of which is gas.
Its FV well is estimated to have production of about 1500 boepd as gas.
The new gas incentive program makes the completion of the initial FV well a very attractive economic venture ... And increases any putative sale arrangement.
its development would boost Rpt annual gross sales to about $37 million