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crude-dude

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crude-dude

Re: billygs50 post# 35373

Friday, 11/04/2011 12:30:40 PM

Friday, November 04, 2011 12:30:40 PM

Post# of 45181
Don't get so excited but read carefully from the PR's.
A short time ago another oil company drilled a Cotton valley well nearby and production came in 11 mcf natural gas plus some oil per day.
How much does natural gas sell for again? About $3.83 per mcf.
The company tells you but you skip over the facts and see "Deep well" and forget to figure the well grosses $40 per day. In other words... neagtive net income.

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