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Posts | 1764 |
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Alias Born | 05/22/2011 |
Wednesday, November 16, 2011 7:51:17 PM
I believe that with 135-140 wells producing the daily production will fall in a range of 560-742 bbl per day depending on how the oilfield pressure and disposal well locations. The field could produce yearly revenue in a range between 15,512,500.00 - 22,705,200.00 and that could really happen. So lets just say EGOH's take is 25% of the total revenue, that will put the company with between 3,878,000.00 and 5,676,300.00 using the above figures. This is pretty darn nice income stream and asset base combination for a small company to have. The company can now become debt free, have a income of between 3.75 and 5.6 million dollars, with minimal expenses and 1 employee. I think this has more upside than many could ever dream.
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