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Gold/Mining/Energy : Goodrich Petroleum Corporation (GDP-NYSE)
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To: richard badauskas who wrote (9)10/29/1997 10:48:00 AM
From: William JH   of 12
 
Richard - I did similar but more conservative estimates and came up with about 12.5 cents in value. I used $17 oil and 2.15mcf gas.
Do you have any idea of the life of these wells?

Paine Webber is forecasting $2.15 per mmBtu for natgas 1998. I assume this would be about $2.28 mcf. They say this estimate could be quite conservative if we have a normal (cold) winter. I guess that some
think the El Nino may bring a warm winter to the midwest.

Good luck.
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