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.