RE:RE:RE:RE:RE:RE:RE:Hole 3My guess on the ~$280MM revenue potential is based on the press release DME provided on on 21 Feb 2021 showing a preliminary estimate of helium reserves at State #10-1as 284,053 MCFfor both the 5' and 13' zones (perfed + possible) with 640 acre coverage for the well site.
Assuming DME sells at the higher refined price that Fredo alluded to in an earlier post as $1,000/Mcf this gets to ~$280MM. Even using the more conservative $275/Mcf price basis, ~$78MM revenue potential for State # 10-1 is still very compelling...but hopefully we'll get close to the estimated refined helium prices with the investment DME is making in on-site processing and solar power generation (1MW if I remember correctly).