oil process /\ drilling /\ potentials look good.
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BAYP Well Summary
Quote:
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6/4/13: We are in final completion stages of our Gaines County Texas prospect as well. The past press releases of Jones, Nacogdoches County Texas and the Mississippi Pike County Interest will have a full update and listed under our projects page in our website this month. Feel free to call or email us with any questions.
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1)Gaines County, Texas
Percent: 3.5%
Status: Last Stage of Development
# of Wells: 2
Lease: Section 372, Block "G" Peck "A"
Operator: CTL Oil and gas
Expected Production: Up to 400 BOPD each or 800 BOPD total
BAYP Possible Profit: Up to 800 BOPD x $90/barrel x 365 x 3.5% = $920k/year
Worth of Stake: 15 PE x $920k = $13.8M
2)Forest County, Pennsylvania
Status: Drilling 38 Now
Percent: 3.75%
# of Wells: 4
Lease: Milford 44,45,38, 39
Operator: Coastal Petroleum Corporation
Expected Production: Up to 3000 BOPY each or 12,000 BOPY total
BAYP Possible Profit: Up to 12,000 BOPY x $90/barrel x 3.75% = $40k
Worth of Stake: 15 PE x $40k = $600k
3)Nacogdoches County, Texas
Percent: Unknown
Status: Unknown
Wells: Unknown
Lease: Trawick Gas Field Star Duster No. 1 well.
Trawick Gas Unit 21
Operators: Exxon Mobil Corporation and Sonerra Resource Corporation
Expected Production: Unknown
BAYP Possible Profit: Unknown
4)Jones County, Texas
Status: Unknown
Percent: Unknown
# of Wells: 1
Lease: Phantom Lake (Tannehill) field, Wade J. H. Etal Well. Lease I. D. number 11407
Expected Production: Unknown
BAYP Possible Profit: Unknown
5)Pike County, Mississippi
Status: Unknown
Percent: Unknown
# of Wells: Unkown
Lease: McComb Field, McComb Unit 10-3
Operator: Denbury Resources
Expected Production: Unknown
BAYP Possible Profit: Unknown