Wednesday, August 31, 2022 8:20:18 PM
0.00175% royalty interest on 640 acres producing 416 bopd & 93mcgpd
A royalty is based on NET income, post cost of production.
Let us call a barrel of whatever swill this turd is pumping (prolly sour) $100/bbl crude. Lets say cost of production and transport is $40/bbl. So $60/bbl net.
0.00175/100 * 416 * $60 = $0.44 per day!
Wow, a whole year of this royalty stream will just cover the cost of the PR.
It will take a DECADE just to pay for the legal fees for drawing up and reviewing the royalty interest transaction.
And there are still claims that TOM LULL is nott a pennyscammer! LOLOL!!!
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