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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH -- Ignore unavailable to you. Want to Upgrade?

To: Steve who wrote (2910)	8/13/1998 6:26:00 PM
From: Just My Opinion	Respond to of 3817

Steve: Thanks for the input. We all think we have a pretty good chance here, with NTAH. Thanks again.

To: Steve who wrote (2910)	8/13/1998 7:42:00 PM
From: WR61499	Respond to of 3817

Thanks for the info Steve! I guess at 2-3 thousand,they should be able to do this on their own.

To: Steve who wrote (2910)	8/13/1998 7:50:00 PM
From: Ditchdigger	Read Replies (1) \| Respond to of 3817

Steve, What is your understanding of a breakeven point on the gas wells at Matagorda. One of my sources suggests it is around 20Million cu.ft per well per day and that this is most likely why the wells were sanded up. Although who's to say if the are completed properly they can produce 20+. Of course the above varies with drilling costs,but most likely they will be high due to the need for barge transportation and "boarding" etc. Interested in your opinion..TIA..DD "Are you sure about those numbers? 3m is 3 thousand, and that's not much of a production rate. Even 3 million scf (standard cubic feet) - if that's what you meant to say - is not enough to justify completing a well for production, generally. A rule of thumb would be about 20 million a day (shown as 20 MM scf - 1000 x 1000) of dry gas in order to make a profit, depending on what the drilling costs were."