InvestorsHub Logo
Followers 69
Posts 9443
Boards Moderated 0
Alias Born 04/15/2012

Re: mdimport post# 39341

Tuesday, 03/17/2015 12:16:32 PM

Tuesday, March 17, 2015 12:16:32 PM

Post# of 96326
This sentence really makes no sense:

The Corse Lease Geology Reports show the wells collectively have between 850 to 1500 barrels of oil production the first year, per well, which represents a collective oil average of about 10,000 barrels of oil for year one of the 10 well program.



As for the next sentence:

In dollars and cents at today's markets price of $66.84 dollars per barrel of oil, gives the company $ 668,400.00 dollars in first year gross dollars. ..."


And if EPA Petroleum was paid $800,000 to drill the wells for Benchmark Standard LOL and even if the price of oil was still $66.84, which it isn't, then the "company" in question is probably Benchmark, isn't it, and not WOGI?

At least, if I were going to make an advance payment of the better part of a million dollars to drill wells, I would expect to garner the proceeds from any oil produced.