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Re: risk on post# 28881

Friday, 05/13/2011 11:07:36 AM

Friday, May 13, 2011 11:07:36 AM

Post# of 101798
Here's a lesson for you. I just completed a well today. It has been a hell of a drill with problems galore and investors breathing down my back. It was a turnkey drill and I had to put a lot of my own money in it after a lot of problems, mechanical failures, and a tool lost down hole making us deviate from the original bore. I can't emphasize all of the heat we were getting from investors, not to mention the cash problems. But the well looks to be flowing black gold at the rate of 320 barrels a day. Doesn't sound like much, but that's $31,084.80/day at today's prices. The exploited rancher (for Chloe's benefit) is getting 8.25% of that off the top (around $77,000 a month). My 2.5% gets me $23,313,75. The investors won't see any money for 6 months.... but they will be looking at 82.5% of the proceeds for hanging in there, albeit with a lot of squalking and whining. And today SNEY is flowing as well. Hang in there and the river will flow gold gold.

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