Replies to post #24865 on Scepter Holdings Inc. (BRZL)

[alabama96]

RE's current asset (singular) is the Cameron Parish School Board Lease. This property is comprised of 880 acres, has two oil wells, one shut-in gas well, and one salt ater disposal well. The property is capable of producing 15-20 bopd. (So the whole 880 acres is capable of producing 15-20 boos. Maximum production would be 600 barrels a month. $60000 month, $720,000 /year. It would take roughly 150 years to get that $100 million in oil. Cameron parish has restriction on the amount of oil you can pump off your leases. So it's not like they can drill 500 wells on those acres and get to the $100,000,000 in a couple
Years. Lol at the way the brazos website gets the 250-500 million market cap too. They compare this pink
Sheet company with publicly traded companies on the Amex and NASDAQ exchanges.