<<<<< Anybody got a real approximation? Also, Was
that a joint risk, or just CSMA's?>>>>>>>
Typical cost per hole. There are a multitude of factors, the first and major is depth. A shallow well can cost much less (1MM), but, shallow wells produce much less. I looked through the Sunday paper, but, couldn't find it. I was looking for well reports. The average production in the valley as I recall is around 100-150mcf. That's barely enough to pay for maintenance.
I just feel like another angle has been deployed to raise funds, that's all. Hype the stock, raise the price, grab the money, use it for high risk holes in the ground. I could be wrong, but, regardless, I don't like it. If there's Texan's on the thread, read the well reports. |
