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Re: CashCowMoo post# 1303

Wednesday, 07/07/2010 6:07:50 PM

Wednesday, July 07, 2010 6:07:50 PM

Post# of 7618
CCM, what is your estimated cost to drill to the San Andres Reservoir?

My estimate is $500,000 per well. 20 acre infill should produce 20-40 BOPD.

20 BOPD @ 70/oil @ .875NRI is close to a 1 year payback. Any more than 20BOPD is a quicker payback.

I say drill...
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