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Re: againstallodds post# 80240

Thursday, 08/21/2014 10:51:24 AM

Thursday, August 21, 2014 10:51:24 AM

Post# of 116861
1.25 million for these leases is way to much and is likely another Blackburn scam. The production will continue to decline because Treaty spends nothing on well maintenance and these will become nothing but more plugging liability's. Current production would barley pay for expenses. Most of the oil is coming from the Thomason,Worth lease and looks like the one producing well was enhanced just before Tesarski acquired it. It will drop back down to 20 barrels a month or so in 4-5 months.

40 barrels a month doesn't go far in the oil patch.


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