280bopd + 55 bopd = 335 X 30 days = 10,050 bopd X $100 = $1,005,000 a month. So at a million bucks a month 700K for Sammy boy should be a piece of cake. Hurry up FINRA!
You are right about the report being from 1993 so the estimates may be too high, but if you notice prior June of 2010 there was good solid production from the well. Once the services agreement started production slowed. Notice when we got to April 2011 (magic deadline for the deal if you ask some people) production stopped. I think there may be some answers to questions we weren't expecting to have answered by oil well logs. :-)
I think that once the deal is done. This well returns to it's prior production levels. Could production possibly go higher with increased cash flow and maintenance on the well??? I'd think it is a possibility, but I'll defer to those who know the business.
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