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Bullboard - Stock Discussion Forum Paramax Resources Ltd V.PXM

Energy Oil & Gas E&P

TSXV:PXM - Post Discussion

Paramax Resources Ltd > Correct me if I'm wrong but...
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Post by toto3321 on Apr 29, 2010 10:31pm

Correct me if I'm wrong but...

My estimation of the value in $$ of the 4.2 mcfpd of natural gaz may may not be accurate, as I'm no expert in the oil and gaz field. Still, considering that the price of 1 mmBTU is now 3.98$ (Dow Jones) amd that it takes 27.8 cubic feet of gaz to make 1 mmBTU (https://www.chemlink.com.au/conversions.htm), that means:
4 200 000 divided by 27.8 equals 151 079 mmBTU at 3.98 each brings me to a total of 601 280$$ every day!! That is 0.6 million dollars each day... I must be wrong.....
Can anyone help me on this one? Thanks
toto
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