Replies to post #1898 on Deep Well Oil and Gas (fka DWOG)

[wshaw14]

Feel free to fast forward anywhere you wish. Why would one limit a well to 400 barrels? These wells should produce between 800 to 1,000 a day each. So using your hypothesis that is at a minimum twice the production, Then throw in the HCSS @ 1000 barrels a day @ 45% you are already at 1250 barrels a day or 450,000 barrels per year.( and $110,000,000), I believe you are about 20% light on the profit per barrel, I also found this interesting.

"It is anticipated that the pilot project will be the core of Deep Well’s first commercial scale
production from Sawn Lake. For the pilot phase, the average operating cost over the life of the project is estimated to be about $22.00 Cdn per barrel."
http://deepwelloil.com/news_rel/DWOG%20PR%202012-01-11%20Deep%20Well%20Project%20is%20commercially%20viable.pdf