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Re: Enertec post# 5624

Friday, 04/15/2011 2:03:36 PM

Friday, April 15, 2011 2:03:36 PM

Post# of 31705
Enertec, agree with you 100%, that being said we still don't know if this can produce at 24 barrel a day for 365 days, nor do we know what price CAVU will be getting for the oil, which is my whole point about the post claiming $876,000 with the qualifying IMO.

I agree that they have certainly taken into consideration all the things you have mentioned and it is reasonable to assume that the life of the well will be more than a few months (but we don't know that as fact). Good response, thanks