A few numbers for if we strike lucky, based on the P50 & P90 figures and gas at $4.6/mcf
P50 of i.2tcf
NPV (discounted at 15%) would be around $500m to EME over 20 years. Peak gas would be 450MMcfpd in 2011
But the costs are also high with an estimated 75 wells needed. The Germans will love that eyesore in the Hunsruck mountains.
P90 figure of 350bcfg, the NPV (15% discaounted) would be c $150m to EME over 20 years with an estimated 22 wells needed, peak gas would be 140MMcfpd in 2010
The exploration well being drilled now was estimated to cost about $2,5m rising to $3m if it proves successful. I don't know if the prodcution wells will be the same
Emcor Grp stock quotes
Emcor Grp stock charts
Follow this thread
