I don't know their tax and cost. It's very hard to be exact because pricing of MCF fluctuates and can rise dramatically like gas prices. A conservative estimation by their projections is $900,000.
They're working on getting the site up and running by the end of the year, and said they'll get 15+ barrels upon initiation; just imagine if they can get 20 to half of the wells running above safety standards? We have 125 wells in West Virginia. 15 barrels a day isn't a lot to start but sets BAYP up great for 2015?
Also consider, what enticed me towards the company was the idea that the oil operations was going to give them a good base to operate. Other subsidies like the Brown lease will create more streams of revenue and Bayport Medicinal is still registered in Colorado and still may have a big future as a subsidy? BAYP price has plummeted but the company has strengthened and may or may not have/get 5 million in financing.
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