Replies to post #2771 on UnionTown Energy Inc.(fka UTOG)

[dirtdog]

Remember it is 10% gross.which means after all exspenses.So if we take 3 barrels a day minus diesel fuel,dewatering costs,and other exspenses,if you noticed another work over rig on it.Haliburton is not cheap.I believe your costs will eat most all your profit on this one.Also need to know your well head price,it is remote,$48 maybe?