Replies to post #7646 on Petron Energy II Inc (fka PEII)

[Arkdave]

also, as someone stated a few days ago. that the original recovery {pressure} only gets a few percent of the oil down there, so there should be plenty of it left if repressurized to pump for years.IMO

[ma snart]

According to one of the presentations on Petrons web site it is inferred that pressurizing the lease takes some time, I would think the 7-10 days is for them to start the process.

One more thing, I believe everyone has completely ignored the paragraph below

The company has 18 leases which it expects to implement CO2-EOR; Petron II believes the estimated daily production range for each lease is 30 -- 50BO/D.

According to Floyd breakeven is only 100BO/d
so conservatively we are looking at about 600 bo/d eventually.

Ma Snart