At one point I believe there was some sort of map outlining the potential payzones. Currently I dont have that info. but if anyone would it would be futrcash. I know its a lot. There are like a couple hundred wells to work over and the last hole perforated five payzones. We have another two holes being worked on that should produce about the same amount. Surely, they have targeted some different formations, or reservoires as they are called I believe. We have many resevoires to go. Consider the daily production we will have over the next fifteen or twenty years. Each hole is all profit after the first month or so.
As to the value of the properties...lets see: to the company who sold/leased the properties (were they shut down or just non-productive enough to be worth expense?) not much. Even though the proven reserves were there, it was not economically feasible nor enough to justify the expense of re-working them with no guarentees.
To BIGN who has the technoloy and expertise to extract product at an extemely low cost and very high return, these properties meant something to them like huge $$$$$ which we are now harvesting. Put simply, the property/leases have increased in value by untold thousands of percent in profit (after the first month). Doing the Grimes is like having a license to print money. Make no mistake about that.
Hydoslotting profits make the profits one would make by hydroponics look very weak indeed. In the case of Orphelia well the cost was recovered within one or two months, so the rate of return multiplies expedentially with every quarterly report.
You have enough figures to do the ROI on Grimes #1 on a one year period. how many thousands percent profit is that? The well still has many years of life.....VALUE???? - priceless.
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