Replies to post #10423 on Worthington Energy, Inc. (fka WGASQ)

[xZx]

200 boepd? that's pretty close to what i was thinking, airdale!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79313614

in that calc linked above i got .975 for 1500 boepd so for .20 i have 307 boepd. and i'm calcualting this with a 400M OS instead of 276M (where we are now). i'm also giving us 50% margins.

but let's say we're both in the ballpark and we split these down the middle, high-low.

at about 250 boepd we're at a .20 share price.

in terms of the assets currently in play, we know phase I of d-bar and south texas alone will give us that much, assuming current estimates are correct.

add in VM-179 and that number blows up.

then start phase II drilling at d-bar + s. texas and we're really, really, really cruising past .20... lol