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investorguy

07/09/08 3:54 PM

#14924 RE: investorguy #14922

So for about $150,000 to update 30 wells, we could see something like 1bbl/day x 5 days x 4 weeks x 30 wells,

20bbl a month per well x 30 wells conservatively

600bbl a month x $110bbl = $66,000 a month in revenues.

And that does not include the gas line being hooked up. That could be another $12,000 a month.

Now if all 60 wells are producing 1 bbl a day, we could see over $120,000 a month in revenues.

From a company that had nothing to a company with exponential possibilities.