No, not a big fan of CHK until it comes down to at

No, not a big fan of CHK until it comes down to at least 15 bucks. I actually like LNG (cheniere) who is actually the company my dad's engineering firm, Bechtel, is doing the design work for all the nat gas terminals along the Gulf Coast. There is one just south of Lake Charles, LA in Sabine Pass that should be coming on line in a couple of years. There's another one that will be coming online, too in Corpus Christi. This isn't the only company doing it by the way, it's a mini boom in export terminals though because the US is going to be the top exporter of natural gas soon due.

So, like I said if Treaty can do even 500 McF per day, the well has a life of 8 years, which is about average, and prices rise to say an average of 6 bucks and McF which is the high from 2010, that's $3,000 bucks a day for the next 8 years. At 330 days a year of production that's just shy of a million bucks a year which means that this well will probably cover the costs of itself plus the rest of the E. Texas leases remaining (I will have to go back through and double check what they own and the financing etc) within 5 years.

The bottom line for me is that this well could cover fixed costs for the E. Texas operations and so they just need to start bringing on a few more small discoveries online and that should push them into the black.