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insanecurrencytrader

02/12/10 1:26 PM

#2435 RE: cashflow429 #2434

the average net profit per natural gas well is about 20-25% of the gross and most wells sell for about 9-10 times gross sales for the small business guys so if you take out all the high expensive executive salaries. $1,650,000 2009 sales=$330,000-$412,500 if you cut out all the grease so if you just sold off all the equipment you get $2 million and the at $330-412,500 cash flow the land is worth $3-4 million based on the 9-10 times gross sales. Not to mention the huge wells they just opened a month or two a go as well as the new field in Texas should have huge potential. You would be dumb not to buy here.
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dirkie

02/12/10 1:32 PM

#2436 RE: cashflow429 #2434

buyers coming :))