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PaperLion

05/18/12 11:45 AM

#12346 RE: surfkast #12341

"...or is it all fluff?"

Well written visions, etc., but are they executing their plan? Do they have quarterly filings on their website? Kind of busy today and haven't had a chance to look yet.

Fureal

05/18/12 11:47 AM

#12348 RE: surfkast #12341

ROI for BLACK GOLD JV -
$60K for 10% operating interst in 2 new wells drilled at 1800ft.
Projected revs over 3 years = $243K - $810K (depending on BOPD) (for $60k investment with $52.2K reduction in taxable income)

Year 1
BOPD R.O.I. MONTHS MONTHLY ANNUAL
100 405% 3.0 $ 20,250.00 $ 243,000.00
70 284% 4.2 $ 14,175.00 $ 170,100.00
60 243% 4.9 $ 12,150.00 $ 145,800.00
50 203% 5.9 $ 10,125.00 $ 121,500.00
40 162% 7.4 $ 8,100.00 $ 97,200.00
30 122% 9.9 $ 6,075.00 $ 72,900.00