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Re: Bane post# 39688

Thursday, 04/23/2015 5:44:02 PM

Thursday, April 23, 2015 5:44:02 PM

Post# of 96660

Just maybe they are providing VERIFIABLE DD to prove it is LEGIT!


Could be. If I was dumb enough to name my company "Benchmark Standard" - which is a bit like saying "sphere ball" - I might prefer video reports to written ones myself.

Still doesn't mean that WOGI shareholders will gain a thin dime from all this drilling and fracking.

Meanwhile, I'm trying to figure out how WOGI undertakes the drilling of 10 wells for $1.25 M when online estimates of the cost of a fracked well in the Marcellus shale run from $800K to $5M per well...

A typical vertical Marcellus Shale well can run a company 800,000 while a horizontal well will cost 3-5 million.  Horizontal wells usually take 30-45 days to complete.


http://www.marcellusshales.com/


A typical Marcellus shale gas well can easily run between $3.5 million to $5 million per well and this is often without including land lease costs, royalties, and debt carrying costs.


http://www.examiner.com/article/shale-gas-drilling-depths-argue-against-pennsylvania-s-marcellus