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Re: againstallodds post# 8377

Thursday, 11/07/2013 10:08:15 AM

Thursday, November 07, 2013 10:08:15 AM

Post# of 23588
The rework was announced MID August. The rework was completed Mid Sept. Once it came online it was producing 7-10bpd. This was said at the end of SEPT. So that would give you 45days at a min of 7bpd =315bbls . With the Louisiana wells on line if they hold a 50bpd after coming on at 120 that going to provide 1500bpm. So its safe to say with the wells we have on line we should be bumping upgainst 2000bpm or 200k/month if we net half that 100k/month or 1.2million dollars in 12 months. PS more wells are also coming online. Non of that revenue include the CAM trucking contracts. PS with that being the case those wells also paid off the cost of rework already. not to mention with having HCE doing our own rework the cost would be internal anyways.