Gary,
In regard to the release -- the figures ARE very confusing. I do not, but do you know anyone well versed in how gas is measured?
They talk about pulling 15,000 mcf (million) each day. Does that mean 15,000 x 1,000,000 "units"? I am not sure. I doubt it as that would mean 15,000,000,000 "units" per day. Is the $1 per MCF or is that a million dollars per MCF?
I realize I may be displaying my ignorance even mentioning this stuff, but I really do not know and it might be beneficial to find someone who does.
Of course, a "correction" or explanation from the company would be nice too. I find it hard to believe that the big figure ($3.6 billion) is wrong. They would really be opening themselves up to problems printing a figue like that incorrectly. It seems more likely to me that the "sub" figures are where the problem lies.
Using my idea of $15 million per day, you would get a bit over $5 billion out of the ground in a year's time. That seems unrealistic too.
Well -- I hope I have added to the confusion, because I am more confused now myself. Perhaps I will go back and sit in the corner or join Frank's cat in watching Frank ROFLHAO -- that is good, wholesome entertainment!
Eric
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