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Re: contractor10940 post# 34009

Thursday, 09/13/2007 7:58:52 AM

Thursday, September 13, 2007 7:58:52 AM

Post# of 44006
Contractor

I know that sounds like a lot of oil, but it's not. It's actually just a drop in the bucket. I have one well that brings in that much a month. These wells just don't produce enough for an investment company to support the number of shares that will be out. It's that simple. CB and family will do alright and they are guaranteed a salary paid by you plus royalty. After the taxes, royalty and wages are accounted for it's just not much. You will have to have a lot and I mean a lot of production to make this cost effective for an investor. Just my opinion. It sounds like a lot, but bub it isn't. Operating expenses eat you up unless you have a really good well.

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