CGrowth Capital Inc (CGRA)

[stervc]

CGRA Potential Revenues from its 30 Oil/Gas Wells

This is huge official confirmation regarding the 30 oil and gas wells for CGRA that they have Fossil Energy listed as the bonded operator for the oil & gas assets for CGRA that are located in West Salt Creek (see the bottom of page 9):
http://www.cgrowthcapitalbond.com/files/3414/4778/4745/Powder_River_Resources_Inc_-_Business_Plan_and_Detail_Aug_2015_Update.pdf

Courtesy of Realmoney4 within the post below, read what was stated to explain how ”one well” could very well generate over $14 million worth of oil per year:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124894212
Great DD. Thank you. Now CGRA investors lets couple that revenue with ONE New Well Drilled. Wyoming Powder River Basin NIOBRARA Formation New Oil Well U.S. Energy Information Administration reports. 961 BPD August 2016. Estimating 984 BPD for September 2016.(One Rig averages) CGRA is permitted to drill a New Well and has the funds on hand to complete the project many times over. 984 BPD @ $40.00 equates to $39,360.00 per day. That is 14 million three hundred sixty six thousand four hundred a year. 14,366,400.00. The US EIA Report is an average of completed New Well production. The Oil price I utilizes is below current market, Conservative real numbers. I believe many have no concept how BIG CGRA is going to be. CGRA is a Huge opportunity for those patient enough to watch it develop. IMHO

The data from this information can be confirmed from the official government link from the Wyoming Powder River Basin NIOBRARA Formation New Oil Well U.S. Energy Information Administration report below:

https://www.eia.gov/petroleum/drilling/pdf/niobrara.pdf

Again, we are talking about 30 wells total for CGRA and not just one well for what the potential could manifest into a reality if they were to get all of their wells operational and meet just the August 2016 bpd average of 961 bpd with the average price of oil per bpd being just $40.00 per barrel.

This means…

961 bpd x 365 days (per year) x $40 per barrel = $14,030,600

This means with considering each well meeting this average per well per day for its area of location that each well will bring in a retail amount of over $14,000,000+ per well. Consider the model below:

1 Well = $14,000,000
2 Wells = $28,000,000
3 Wells = $42,000,000
4 Wells = $56,000,000
5 Wells = $70,000,000
…
…
10 Wells = $140,000,000
20 Wells = $280,000,000
30 Wells = $420,000,000

The Wyoming Oil & Gas Conservation Commission (WOGCC) is the state government's website to view public and official information regarding the wells owned by CGRA of which Fossil Energy is the bonded operator for the oil and gas wells. One could research and see that 30 wells have been approved by the WOGCC for the current operator Fossil Energy:
http://wogcc.state.wy.us/

As for a CGRA share price valuation… I’ll just say that I think I know why those who are funding CGRA the £30,000,000 Great British Pounds ("GBP") (approximately $40,000,000 UDS) decided to provide such funding and support to CGRA This is huge.

Very good article regarding the growth of the Powder River Basin:
http://www.oilandgasinvestor.com/high-plains-oil-759791


v/r
Sterling