CURRENT PRODUCTION-450 producing wells 212 need reworked 155 bbls per day x 365 days = 56,575bbls per year x $73.50 = $4,158,262 with a fully max A/S that is $ .0083 per share.
FUTURE NEW PRODUCTION-75 NEW wells PER YEAR 75 x 10bbls per day =750 bbls per day x 365 days =273,750 x Crude oil$73.50 =$20,120,625 with a fully max A/S that is $ .04 per share. 75 new wells will be drilled per year and the revenue will be .04 per share increase every year. This number will double every year.