Foothills Exploration Inc (FTXP)

[Woody73z]

Sorry ran out of post last night.... what I was trying to explain is lift cost is on a per lease basis.... so if you have 750 wells that makes 300 bbls a day your lift cost is higher obviously more overhead electricity, chemical, labor etc. if you have a 3 we’ll lease that makes a 1000 bbls a day it’s obviously lower where that 5.00 a bbl comes from. Over all avg in the Permian I would say is prob mid 20’s oil as far as the tighter shale plays up north I can only say what I’ve heard I don’t have an experience up there. I’ve heard anything lower than 50 dollar oil they really struggle. Now granted that’s new drills I have no idea on older leases. This company going in and buying old leases, stimulating the formations and trying to increase production is really always a good plan especially for a start up.