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Re: sende99 post# 14914

Wednesday, 07/09/2008 2:04:48 PM

Wednesday, July 09, 2008 2:04:48 PM

Post# of 33129
I think it's ruffly about 394 barrels a month. Maybe more. Lets see 2 barrels a week times 4 = 8. If they are producing every week. Times that by 26 producing wells. And then times that by the price per barrel. It's about 28K a month. But they are also going to try and have those well that produce 1-2 barrels a week, produce 1-2 barrels a day. This would increase revenue. There best well 5-6 barrels a day. That another 24K a month. So about 50K a month. 600K a year. I think that's right. Anybody have a different opinion?