Sunday, June 04, 2006 2:08:47 PM
. . .
How about royalties on 4 punched holes pumping an average of 200 bpd each all verified by the TRRC ? Would that be enough quantities for shareholders? . . .
Lemme see... 800 bpd x 30 days x $70 bucks a barrel = $1,680,000 dollars a month. Of course Titan gets only 16.9% of that which is about $284,000.00 dollars a month net. No expenses just all straight cash for doing nothing but holding the lease. Gee, that's $3,400,000.00 dollars a year practically for free on someone else's dime.
. . .
Of course this doesn't include what Titan does on their own on their other leases and will get 100% of gross.
. . .
Spider
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM