RE:RE:Natural Gas PricesWith the current contract price the have profit after taxes and royalties and expenses of about US $6 million per 10 mmcf/day. So if Cascadura once all development wells are in place will produce 200 mmcf/day which will give them $120 million a year in profit. PLUS the profit on 5000 bpd of liquids which are not included in the contract.
Remeber that the TOTAL production last quarter for TXP was 1400 bpd of oil.
There is another $6 million a year from Coho which is dry gas at 10 mmcf/day.
Now let's speculate that Royston is double Cascadura - It is exploration, nothing is proven, but 400 mmcf day would be $240 million a year in profits - plus any liquids.
Then there are multiple other prospects of course.
Don't even think about Kraken. Too crazy to imagine.