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
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