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Mr. Zen

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Mr. Zen

Re: mikeo56 post# 683

Monday, 09/19/2005 10:28:41 AM

Monday, September 19, 2005 10:28:41 AM

Post# of 1197
mikeo56.. the production of 1,000 barrels a day at say $60 equates to $60,000 per day or $21.9 million per year, now divide that by the entire float (restricted and public) of 22.3 million and you get a yearly revenue of about .90$...(if they never drill another well) now multiply that by the 30 year life span of the existing oil wells ...
good luck wacking the bid on this one..

There is no substitute for conducting your own research

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