I would like to try and get clarification on AMEP's potential based on its current revenues and immediate production possibilities. I will be referencing a post by Greenhawk #11918 and Contractor #11897.
First let me say that the recent posting of AMEP's July or August numbers for the two field locations showed production oil and gas revenues in the $118k range for the month reported.
When I look back at the 10Q, posted August 14th, it showed revenue of around $800k for the first 6 months, which equates to approximately $132k per month.
Bottom line is that both monthly numbers are close for purposes of this discussion.
Now here is the question. When I look at Contractor's post, which was commented on by Greenhawk's post, they talk about annual revenue potentials, of the next 5 wells, being in the $9.7 million dollar range annually, or over $800k per year. I know part of this evaluation was based on the Murphy #1 history, the Murphy # 1 re-stimulated, the success of the Nash-Murphy #1 and the new horizontal well.
Is this truly possible? Are we talking about going from the $100k per month range to the $800+ per month range when we are successful in bring on line the next set of wells?
Did I miss something or is this the case give or take a few $100K?
Thanks
