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Alias Born | 03/04/2006 |
Tuesday, November 13, 2007 10:14:56 AM
"The workover is expected to start on November 15th, and should last approximately 15 days. Upon completion of the workover, the wells are anticipated to produce around 450 barrels per month."
Assuming that the wells are flowing by year end and producing even half the 450 BBL/month. That's about $20K. Not jack schmidt. Please explain how that pays acquisition of the T.W. Marlin lease, operating costs of the work over and O/H for these clowns?
IMO the only pumping that will be done is PPS in January. That's why this POS needs to drop to $.005 so I can buy at TD (that's total depth for non-oil field trash.)
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