Greg: I redid your math, I get slightly less annual earning. More like $690,000.00. This is based on 2 wells. I seem to recall that there was to be another 8 wells to be put up (I think with the so call 5 million dollars loan). So if these well are put in, then there should be about another 2,761,600 in annual income, based up your numbers. However lets not forget that Bruce is leasing the land. For every day there is no production, is another day lost.
Greg do you remember how many years the leases were for?
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