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langlui

05/14/14 12:04 PM

#1223828 RE: BottomBounce #1223825

Read this part of ERAO PR from early this year!! kaching $$$$$$$$$$$$$$$$$

Over the next 5 years Energy Revenue America expects to drill in excess of 300 wells in the Cherokee Basin. For every well completed, the reserve value for future gas from the wells becomes a value to ERA as future income. ERA estimates that gas reserves at the end of year 2 will exceed $80M and at the end of year 3 over $150M.