Wouldn't it be nice if you owned stock in a small oil company that could do the following: Partner with one of the largest, most reputable oil companies in the nation to develop their leases in one of today's richest domestic oil fields?
Just suppose that the little company, whose stock you own, could receive 6.25% of the revenues from the wells drilled on it's leases, by its experienced partner, without having to lift a finger or incur any expense? Just suppose that the initial flow rate on the wells drilled in this field was in the range of 450 bopd, plus gas liquids as well, and that the oil was selling for about $95 per bbl. Let's suppose that by the end of 2014 your little company would be receiving revenues from up to 12 wells and that 36 more wells were planned as a part of the drilling package on these leases. Let's suppose that another 48 could be drilled on this same property, if a decision were made to tap into the two deeper pay zones in this field.
Let's further suppose that these activities would most likely be complemented by more drilling on additional leases in years to come? Does it sound like owning stock in this company might be a very, very good thing? I think it does and I'm extremely glad I'm a shareholder.
