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Strategies & Market Trends : Ride the Tiger with CD

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To: Rocket Red who wrote (116318)	5/30/2008 7:41:48 PM
From: sageyrain	Read Replies (3) of 313570

"Based on some of the Canadian-based research on the play to date, he said the size of the resource is being estimated between 24 and 30 trillion cubic feet of natural gas. That compares favourably with the estimated 15 tcf being touted at another hot zone for natural gas, the Montney Shale in British Columbia." financialpost.com Let's say it is only 10 tcf. At U.S. $7.5 per mcf (thousand cubic feet) that is a gross insitu value of..... (10 trillion, I think that is 1 x 10^13? Divided by 1000 and then x 7.5, my calculator is smoking) .... US 75 billion gross value for the play. I know, still early, but you don't often get a ground floor shot at such potential very often. (if my math is right, lol)

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