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Tuesday, July 26, 2011 8:52:27 PM
11,000 est reserves
20 bpd gives a field life of 1.5 years
using oil price @ $100/bbl
lift cost @ $14/bbl = $143,000
field gross = $1,100,000
minus lift cost = $957,000
25% = 239,250
Damon Mound field has an estimated reserve of 11,000 barrels of oil. Lift costs which includes operating expenses would be $143,000 using $100/bbl that gives us a gross of $957,000 worth of oil. Our 25% gives BNPD $239,250 before taxes and overhead over the next 1.5 years. It looks like the lease will be profitable not spectacular but profit is profit.
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