Replies to post #203 on DH Enchantment Inc (ENMI)

[Eagle777]

So at $100 a barrel we can do some projections of what that one well will bring in revenues. $100 * 13(number per day)= $1300 a day. That puts us at over $470k a year off that well. Not bad.

But don't forgot that the oil is not free and does not magically pop out of the ground without cost.

2. Average production cost (lifting cost) per unit of production.
i. Joint lease interest cost was $21 per BBL.
ii. Net issuer cost was $10.76 per BBL.

So costs are $31.76 per BBL. So at $100 per BBL, that is a net of $68.24 per BBL, $324K a year. At $75 per BBL, that is a net of $205K a year.