Well, as far as payback goes. Typically when a company makes a committment to drill a new well it is based on a 2 year payback. That is pretty much a industry standard. With the type of wells that EGOH will be putting into production the payback ranges between 3 to 4 months @ 75.00 a bbl oil. This is why Screaming Eagle and I have been so bullish on this little company. It can turn a profit very quickly and be out of debt in short order. I also want to point out another consideration,once the oil is flowing, the 12,500,000 million barrels of recoverable oil that EGOH has (according to the field engineering report) in the ground becomes classified as Proven Developed Producing and would equate to a value of approx 1,250,000,000.00 at todays prices.
I believe that with 135-140 wells producing the daily production will fall in a range of 560-742 bbl per day depending on how the oilfield pressure and disposal well locations. The field could produce yearly revenue in a range between 15,512,500.00 - 22,705,200.00 and that could really happen. So lets just say EGOH's take is 25% of the total revenue, that will put the company with between 3,878,000.00 and 5,676,300.00 using the above figures. This is pretty darn nice income stream and asset base combination for a small company to have. The company can now become debt free, have a income of between 3.75 and 5.6 million dollars, with minimal expenses and 1 employee. I think this has more upside than many could ever dream.
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