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SeaOhToo

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SeaOhToo

Re: GoldMember post# 7

Tuesday, 08/28/2012 12:25:59 PM

Tuesday, August 28, 2012 12:25:59 PM

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$25 million in cash, NO DEBT and 390 BOPD of production and drilling 3 laterals, Milnesand has (70) 20-acre infill drilling locations and CO2 flood in 2015. Pilot flood supported 40+ BOPD per 5 spot.....70 wells @ 40 bopd is 2500 BOPD in 2015!

2500 BOPD @$95 Oil is $85 million in annual revenues!

Nice project!
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