Replies to post #7225 on CAVU Resources Inc (CAVR)

[firsttimepennyman]

Question. If there would to be a lot more than 20 years ago, can the leasee renegotiate the terms (ask for more money) ?

[johnsyn]

And the wells were shut in because it was no longer profitable, I agree with Willy on they were probably producing less at the end of their production, maybe 100 bpd was more of a highlight. Second, technology to separate oil from saltwater wasn't cost efficient back then, the pumps needed rework, and now they have lastest oil extraction technology to increase output.