![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, August 03, 2023 8:29:42 PM
The first 40,000 barrels per each horz wells has no royalties and after that about 2.5%, so gov is giving much better deal on horz wells, Drilling cost is $800k for horz wells and $500k for vert. He hinted that are working on deal that would double their reserves. How would they pay for that as drilling would use up all their money? By the additional production after drilling creating a lot of free cash flow, plus he expects the shareprice to go up by then and the deal is timed for when then can afford it. This is very agressive. It is fine with me.
They are projecting $5 million netback for Nov-Dec on $65 oil, I think $80 is more likely. Their FCF breakeven is 500 bopd, right now they are doing 800 bopd. End of year conservative is 1,600 bopd. Right now even with 800 bopd they have about 400 bopd behind pipe as they repair wells or optimize them. https://register.gotowebinar.com/register/6627860923139675992 has the replay
Recent GXRFF News
- Prospera Energy Inc. Announces a 508% increase in the 2023 Proven Developed Producing (PDP) Reserve Valuation • InvestorsHub NewsWire • 03/18/2024 12:09:49 PM
- Transformed & Restructured Prospera Transitioning to Profitability in 2024 • InvestorsHub NewsWire • 02/07/2024 07:42:27 PM
- Prospera Energy Inc. Exceeds 2023 Year-End Target with 2,200 Boepd Capability Leading to Robust 2024 Development Outlook • InvestorsHub NewsWire • 01/05/2024 03:32:37 PM
- Prospera Energy Announces a +500 bbls per Day Flowing Well and Continued Horizontal Drilling Success • InvestorsHub NewsWire • 12/14/2023 01:00:00 PM
- Prospera Energy Inc. Secures $3.5 Million in Development Financing and Announces Strategic Appointments to Strengthen Leadership Team • InvestorsHub NewsWire • 12/05/2023 12:30:00 PM
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM