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Re: mick post# 3956

Thursday, 10/25/2012 6:58:55 PM

Thursday, October 25, 2012 6:58:55 PM

Post# of 38242
It is very possible. We'll have to see how much each well produces but on the low side let's just assume that each well does what the 1st one does. 2 barrels a day times 10 wells 20 barrels a day times 5 days a week= 100 barrels x 4 weeks 400 barrels /month x12 months 4800 barrels a year times 90 dollars/barrel is 432k/year. this is on the weak side and does not even take into consideration the it side. seems like a golden stock to me