Stop the Pink Sheet Scam

[Sputnik]

For Posterity 2!

Posted by: Sputnik Date: Friday, January 02, 2009 2:27:40 PM
In reply to: kelseyf who wrote msg# 43031 Post # of 43066

Kels, base on your calculation (operational cost divided by the annual number of barrels) you came to the answer that it costs Hemi $41.77 per barrel! I don't know how you came to the conclusion that Hemi gets some $51.00 per barrel. When this figure was posted asking how Hemi can be cash low positive when Kansas oil was getting some $29.15 in the month of December. Help the board by explaining how you concluded that Hemi gets some $51.00 per barrel. Thanks, I look forward to your explanation.

Operational estimate costs $350,928 / Production 2008 annual est. 8400 = $41.77 per barrel.

"The average price per barrel of oil paid for eastern Kansas oil is $29.15 for the month of December. Hemi has an 80% working interest in the oil. My question is can Hemi be cash flow positive for the month of December if they receive $23.32 a barrel.