Saturday, May 27, 2006 6:44:35 PM
doc, you are dreaming (and pumpin big) on the Yahoo Tnog Long board, you are trying to pump up everyone up with post like this: BTW DOC, how do you come up with a figure of 1000 bbl per day??
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From: "dr_silkworth2002"
Date: Sat May 27, 2006 7:36 am
Subject: Here's a breakdown of the percentages again............. dr_silkworth...
Tejones assignment for (3/16) of 77.333% of 8/8ths
Tejones gets 14.4999375%
Oasis Oil assignment for (1/2)of 77.333% of 8/8ths
Oasis gets 38.6665%
Titan Oil & Gas assignment for (7/32nds)of 77.333% of 8/8ths
Titan gets 16.91659375%
Johnny Harrison assignment for (1/16th)of 77.333% of 8/8ths
Johnny gets 4.8333125%
Ken Jacobson assignment for (1/32nd)of 77.333% of 8/8ths
Ken gets 2.41665625%
These would be the exact percentages which would give Titan
approximately 10 bucks a barrel @ 1000 bbl/day which would gross
approximately 3.65 million a year at 75 dollars a barrel.
As everyone can see.....the totals above are dealing with only
77.333% of 8/8ths so we have an additional 22.667% that is not
accounted for which should go to land lease owners and other
unexpected expenses. Since it is not published then we can only
assume what the 22.667% goes to. It is obvious in the percentages
above who is funding the drill so trying to lead people to believe
that Titan will be giving up money out of the 16.91659375% they get
is a FUD tactic.
On another positive note, it's good to see Ken is still involved
just like Clayton told me. He did not run from his position as
indicated by some posters. I find that very, very interesting.
doc
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As per the Texas Railroad Commission all the oil wells combined in Bastrop County have only produced an average of 7,250 BBL per month.
So, if Tejones were to produce 1000 BBL/day this would be called a miracle, and the odds of that are what? Only on the Yahoo pump board, ROFLMAO
Again, Doc you may enjoy my verifiable DD and use it without my permission anytime
Here are the Monthly oil & Gas production figures reported by the TRRC,
http://crowtf.myphotoalbum.com/view_photo.php?full=1&set_albumName=album07&id=BastropProduct...
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