Friday, April 15, 2011 12:00:30 PM
First, you did not answer why you thought that pumpers get the futures price for their oil.
Secondly we have no idea what quality oil they are pumping..it does make a difference.
Thirdly we have no idea if this well will be able to product 24 BPD 365 days per year, as you posted.
If you read the TOS policies it says that contrary views are welcome on ihub. My post was not even contrary it simply asked intelligent investor questions and questioned your statement about yearly income from this well.
Kgem, just curious why you think that pumpers get $100 per barrel just becuase the futures are at $100 per barrel? Also we have no idea the quality of the oil (light, medium, heavy) nor the sulfur content. That all impacts the price. Plus we don't know if the reserve will support 24 BPD for a year? Still a few unanswered questions. It is certainly good news that the well is producing but I would be careful in any $ predictions over the course of a year.
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