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$oldier Hard

07/07/10 6:06 PM

#1305 RE: CashCowMoo #1303

Agreed. Maybe the CEO can enlighten us sometime soon as to the actual potential. Lotsa OIL in that region.
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SeaOhToo

07/07/10 6:07 PM

#1306 RE: CashCowMoo #1303

CCM, what is your estimated cost to drill to the San Andres Reservoir?

My estimate is $500,000 per well. 20 acre infill should produce 20-40 BOPD.

20 BOPD @ 70/oil @ .875NRI is close to a 1 year payback. Any more than 20BOPD is a quicker payback.

I say drill...
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swanlinbar

08/10/10 3:43 PM

#2259 RE: CashCowMoo #1303

The new property supposedly has some current production so maybe they will be able to do some debt financing.