John 19-35
I'm stuck here like everyone else,but I do know what needs to happen to drill a well and I know these costs need to come from shareholders pockets. I do not praise anything that is happening with this company, yet I do feel that somthing positive will happen IMHO. LGL8084 there is no connections with Joseph A. "Socks" Lanza racketeer and a member of the Genovese crime family, he died a long time ago,October 11, 1968,so don't use this as an example, not true. This Lanza is crude, manipulating and calculating, and I don't give him the credit what "SOCKS" acomplished as a member of the mob.
Cost to drill wells, IMHO
Black Dragon will need to secure a lease, secure a title opinion from an attorney,BD will need to settle surface damages with the landowner. BD will need to have the location surveyed for a permit. BD will need to get a permit from the state to drill; BD will need a bid from a contractor to prepare the location for drilling. BD will need to get bids from drilling contractors to drill the well. BD will need to get bids on whatever you decided to furnish to the drilling contractor in the way of mud, water, fuel, Etc., unless it is a turnkey bid. BD will need bids from the logging companies to do the surveys after the well is drilled. BD will need bids for pipe for the conductor pipe, the surface casing and the long string. BD will need bids for the tubing, packers, and subs for the completion string. BD will need bids from cementing contractors for cementing the pipe in the ground or plugging the dry hole. BD will need bids for the wellhead, valves and gauges. BD will need bids from the casing crews to run your long- string. BD will need bids for the tanks, separators, heater treaters, meters and gauges for the surface equipment. BD will need bids from contractors to install the surface equipment. BD will need bids for pipe to run flow lines from the well to the pipeline. BD will need bids from contractors to tie in the flow line to the pipeline and set the meters. BD will need bids to clean up the location, build all weather roads to the location build cattle gaps or gates to protect the landowner’s property or livestock. Add up all of the costs and that is what it takes to drill a typical well. There is no such thing as a typical well anywhere. The costs of the overhead and geological work should be included in your estimate somewhere, as these costs are real. Every price is subject to the market availability on any given day. You had better figure in a contingency for problems that develop such as a blowout (you can get blowout insurance) stuck drill pipe, fishing jobs when stuff breaks off and falls in the well bore, Etc. and now in today’s economy , most services will be paid in cash upon delivery. You will probably need a consulting engineer on the project at about $1000 per day. Piece of cake! If I left out somthing, please correct.
AI
