badnews2... why don't you stick to the latest and most up-to-date information? It was you that brought to our attention that the 10Q was filed. Why the hesitation to believe the report? Let me quote about West Delta 61:
"Hurricane Katrina struck the Gulf of Mexico in August 2005. The operator of the West Delta properties informed Pioneer that the West Delta properties have been shut in since August 27, 2005. The operator has notified Pioneer that production at West Delta resumed production at all four wells in October 2007 at a combined production rate of 4.8 MMCFD." (Go read page 16 and 17 of the current 10Q.)
Now let's do the math, again for slow folks that might not know how to multiply and divide:
4.8 MMCFD x 1,000,000 = 4,800,000 x 365 days in a year =
1,752,000,000 CF divided by 1,000 for $11.00 Mcf =
1,752,000 x $11,00 (current price of gas) = $19,272,000/year
So sure looks like we're making money now! Still waiting for you to tell us how much we net on $19,272,000.00? LOL
BCNU
Instructmba