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arch_oil

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arch_oil

Re: arch_oil post# 12965

Wednesday, 08/23/2006 2:56:29 PM

Wednesday, August 23, 2006 2:56:29 PM

Post# of 35788
the first well workover in september will put 296K per year into BIGN's income statement. At $70 oil. 350bopm allocation from the 1400bopm projected. 50-50 WWNG/Sucesss 50-50 BIGN/WWNG

This is great news. If they manage to complete one well per month it will bring in 3.6M in revs for BIGN yearly.

The East Texas LOI will bring in 7M currently in cash flow plus the 3 rigs. The 3 rigs are key to the East Texas LOI. Keep your fingers crossed.
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