FWIW RB post re PRI revenue:
AMEP Revenue Increases (!?!) Doc, re the PRI 193 oil well project, you posted:
"...all wells combined are at 200 bpd, they are not all on line. They have actually pushed some from 1 or 2 barrels to 3-5 barrels."
200 bpd x $60 x 365 = + 4.3 Million $$ gross revenues annually from PRI alone, (less downtime, etc).
doc, if they are getting 200 barrels daily now from PRI, that is a huge jump; I am suspecting 200 bp week? Appreciate the check of that number. TIA.
Also if they are getting 3 barrels(low end) a day from these wells, and use one in five for injection, that leaves 154 wells that once produced, and able to be put back on production at a higher rate with the improvements.
154 x 3 barrels x $60 = $27,720 gross revenues daily
$27,720 x 365 = $10,117,800 gross revenues annually (less down time, etc)
The above are best guesstamates based on the figures given, and are contingent on the completion of the development of the wells ...and they are not at this stage, but more are added as time goes on.
But you can see the potential on these wells with modest bpd figures, if approximately 154 of the 193 wells are returned to production.
doc, Many thanks for the reports.
...hawk
