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Re: $oldier Hard post# 1293

Wednesday, 07/07/2010 6:15:31 PM

Wednesday, July 07, 2010 6:15:31 PM

Post# of 7618
Ok, so from the PR it says they are drilling to 4100ft right? Well, there has to be some shallower zones, but why wouldnt they produced the shallow zones first? Well there could be a ton of reasons. I wonder if there are a few deeper zones. It is quite common in Texas to have 10 different zones of oil and gas. They got 54 barrels a day on these properties;. Now you can make some money off that, but you really need more. Acreage like that should have 500 barrels a day coming in once fully developed and worked over. I wonder what they plan on doing. You would get about 420,000 dollars a month at 500 barrels a day. That is gross and not net.

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