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Re: alaskacobalt post# 13034

Thursday, 06/03/2010 1:03:38 AM

Thursday, June 03, 2010 1:03:38 AM

Post# of 23633
I am not an oil expert but I know to drill a well to total depth can cost $100,000 to $1,000,000 each, that's if you get get a rig, even then there are no gurantees of commercial production. OMDA owns 160 approximately PRODUCING wells. What is the value of all of them to a major O&G player?

We have a bow on these bad boy wells, post audit and at $90 oil I bet OMDA receives a tender offer.
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