Bign made almost $2 million from 2 Grimes wells already!!
Wow! When Grimes 3 and 4 goes online and outputs just as well as Ophelia then I'm super long even without the LOI. If LOI gets completed on 8/31/2006, then I probably won't sell till I retire! And that's quite a few decades away :)
*Don't forget BIGN has another 100+ wells to slot!
Two million dollars already off Grimes! That's money in the bank. Money that can be used to finance "deals" or future well workovers. C'mon guys. Give this company the benefit of the doubt & don't continue to bash the heck out of them.
We've got revenues! That's a helluva lot more than many of these "prospectors" have. Many of them are drilling, LOOKING for oil or NG. We HAVE it and are (albeit slowly) making profit off of it.
I for one am VERY glad to hear about this - two million dollars made off Grimes already.
Updated Revenue# for Grimes... Seeing as how many of you responded to the $2million figure I posted,I thought it prudent to re-visit my notes. The $2million figure is the amount the joint venture generated. A little less than a half is BIGN's share. This should dramatically increase,when more wells are in line.I hope we get results soon.