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Re: gold4us post# 7622

Monday, 11/25/2013 2:58:20 PM

Monday, November 25, 2013 2:58:20 PM

Post# of 127604
Agreed. From CGRA's website:

http://www.cgrowthcapital.com/#!oil--gas-division/c20c3

" It is estimated that the field will be producing approximately 181 BOPD upon completion of this phase. With most leases being at an eighty percent (80%) Net Revenue Interest and oil at ninety dollars per barrel, $347,510 per month in net operating income is projected.".

If they can realize that kind of production anything under a quarter will have been a steal imo and from there, with that kind of revenue, there should be some major growth.

The website also says that they will need $1 million to get to that kind of production. The real question is what will they need to give up to get that $1 million?

If they can pull this off we will certainly see a major price increase(over $1) in the future and those who are selling for pennies will be kicking themselves imo.
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