It is a 4 Tcf, onshore US, conventional gas project, with a break-even price of 60¢ per Mcf.

It involves drilling 312 wells, over a 27-month period. The project requires $2 million initial risk capital and follow-on development capital – projected to become fully self-financing within 8 months after operations begin.

The project is expected, under a base-case scenario, to provide investors with a life-of-project, unlevered IRR of 110%.