Nautilus Minerals Inc NUSMF

Metals & Mining Industrial Metals & Minerals

Nautilus Minerals Inc is a Canada-based company engaged in the exploration and development of the ocean floor for copper and gold-rich seafloor massive sulfide deposits and for manganese, nickel, copper, and cobalt nodule deposits. Its primary segment is Mineral Property Exploration in Australasia. The exploration activity involves the search for deep-water copper and gold-rich seafloor massive sulfides in the western Pacific Ocean and nodule deposits in the eastern Pacific Ocean. Its principal project is the Solwara 1 Project in Papua New Guinea (PNG) in the Bismarck Sea.

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Nautilus Minerals Inc

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Comment by redfoxon Dec 24, 2002 1:04pm

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Post# 5707859

RE: 1st well will produce more than 25mmcf

Eunice; agree with your points. Also remember that NUS's net interest in the production is at 30%. Nothing to be sneezed at, but not quite the 100%. That should still provide good cash flow, going forward. Anyone know the history of well depletion for this area; ie., if a well starts to produce at 25mmcf/ft do we know the wellhead pressures, and then how long is that expected to flow for (days, weeks, months or years?) Appreciate the help and discussion.

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