Replies to post #31429 on Plateau Mineral Development, Inc. (PMDP)

[jellogan]

i also don't agree with this:

Each additional well is expected to produce a minimum of one barrel of oil per day without rework. There are approximately 26 production days per month, and each barrel is currently worth $60. Therefore, each well can produce an income stream of around $1,560 per month. The additional revenue total comes out to approximately $36,000 per month or $900,000 per year. Plateau has a total of 51 producing wells.

*red = what i disagree on.

1560*51 = 79,560 (that's a big difference in approximation, IMO)
79560*12 = 954,720 (opposed to the 900,000 stated above)