RE:RE:RE:National BankTake the following statement from the Q1 report
- The original three wells on the 4-17 pad have produced an average of 2.94 bcf of natural gas over 440 days, exceeding our independent reserve evaluator’s year-end 2022 proved plus probable type curve by 34% to Bcf of natgas to produce
The curve for each of these wells is based on a 12 bcf EUR. Now it looks like a 16 bcf EUR is more likely.
Now at 2$ gas it will require 5 bcf to pay off the well cost. That means an additional 11 bcf will come out of each of these wells That is a netback of 22 million dollars per well
. As an investor in a company with low debt and significant tax losses a large portion of that money will belong to us Then think that there are another 2500 drilling locations that may be similar in value whether they contain nat gas or nat gas and condensate. That could easily be an additional 55 billion dollars to flow to the stock holders over time
So,someone please tell me again that Crew is only worth $5 per share , which is less than 1 billion dollars and I will show you some one who is completely coco puffs