RE:BrickmantoStock Moving on to economics:
PIR10 (Profit to Invest Ratio @ NPV10) is an excellent overall measure of the economic viabilty of a project.
Projects under 0.3 PIR10 do not get funded in the oil industry. Most companies like to see pre drill estimates of 0.5 or higher to take into account the potential of higher costs, lower productivity or lower prices than forecast.
PIR10 of over 1.0 are outstamding.
According to ADX, MCF's partner in Austria, the Welchau project are has a PIR10 of 3.92. This is top decile economics, especially for the large size of the play.
Hopefully we see a few great zonal test rates over the next four months.