Comment by
Buyreallow on Nov 01, 2022 4:31pm
Natural gas prices in Turkey lately have exceeded US$ 30 per mcf.
Comment by
goldboyz2 on Nov 01, 2022 5:29pm
$50kx7=350k/day $350kx30 days=$10,500,000/month $10,500,000 x 12= $126,000,000/year Big numbers if anything close to that 7 well program with similiar numbers/flow rates GB
Comment by
itwillgo1 on Nov 01, 2022 6:03pm
Earn 50,000 a day and the rig costs 90,000 a day I'm no genius that isn't what you call making money.
Comment by
lastpick on Nov 01, 2022 7:29pm
I will take a crack at this: Revenue is 5MMCFD * $13/MCF = $65000/ day; 5MMCFD * $30/MCF = $150000/ day. Not sure what the net cash flow will be but they will need a few more wells to make good money.
Comment by
itwillgo1 on Nov 01, 2022 8:02pm
I'm not sure why everyone is so stoked when on September 12 the stock was trading at $.55. This was in anticipation of the first Wells production. Now this event has happened and it's $.47.