ooops! I will start in IMO again. IMO, i am not an expert but since I'm sure KH is not one of those big top investors for oil wells, i'm assuming that he might have invested on some small wells approx 1500-3000 feet deep which will approximately produce 20 bopd. That in turn should get him about that amount. Now if he was investing in BP's oil wells.. this would be nonsense at about 1500-2000 bopd is too much. This is why IMO 20 bopd might be something a small investor would probably go with. As for exploration or production, I am going by the unaudited financials which show investments and I made a mistake there are 5 oil and gas wells and 4 gas wells. He doesn't show whether they are exploring or producing, I'm assuming the wells are already in production the way I am reading in the financials.
You are right, they could be dry, could've been dry or getting dry. We just have to pick one since he is not giving us the answers. I'm guessing they are getting dry.
Again IMO IMO IMO all this is just sheer speculation and something to think about.
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