Replies to post #532 on Stratex Oil & Gas Holdings Inc (STTX)

[Sun7]

Thank you Choctaw & PlatypusRx! This looks very promising.

So the oil would generate @ $40 a yearly revenue of:
230 bbl x $40 x 365 = $3.36M
The gas would generate (if it can be distributed) @ $3.81 a yearly revenue of:
450 mcf x $3.81 x 365 = $0.63M
Is this considered a good well (good revenue)?
What's the yearly cost for such a well?
How many years until it's dry?
How many more wells could be drilled in that area?
As you can see I've not much experience in oil & gas.

Is the other company applying for a permit a separate company from WLL/STTX? If so, does it have their own lease?