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Gold/Mining/Energy : WML Westminster Resources
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To: Richard Saunders who wrote (29)3/24/1999 7:40:00 AM
From: Poseidonas  Read Replies (1) of 135
 
Richard: My math is hinged on the geologists estimate of up to 16TCF of gas in the reserve. $55 is an amount calculated if all the gas is taken out of the ground (after production expenses).
Realisticly, even if we have 8TCF in the ground, this baby will produce for many years to come even with 30-50 wells in the ground.
In the short term we will not realize $55 but an increase of $10 to $15 is OK with me.
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