Pennant Energy Inc PENFF

ok Perfect part 1

[pennymaker69]

[wintersun10]

what well would classify as what between well 1, 2 and 3 when it comes to proved developed or undeveloped and so on?

[wintersun10]

assuming proved and probable covers the 3 wells and the 3 wells are producing, i get the following on a year base: 1200 mcf/day @ $3 55 bbl/d NGL @ $45 10 bbl/d condensate @ $80 for a total of 100,000 BOE's per year with revenues of $25 per boe, and that compares to a cost range of $5 to $12.30 per boe........and this estimate is light on condensates so all in all there is enough room to make