Replies to post #10288 on Petron Energy II Inc (fka PEII)

[brya1278]

Hey goeagy,I'm not sure the prior numbers have much to do with what is ahead,but I could be wrong. On the S1 application Floyd stated that he needs rework all the wells at a cost of 35-45 thousand a well.So if the past numbers are from old wells I would think they would be far less than what we will get from a completed Simons site. He also stated new wells would cost between 125-150 thousand per well.
After you explained the CO2 process I thought about the end of Feb. date that we all have high expectations for and it doesn't seem logical that a exact date {90 days} could be counted on. Maybe it will take 85days ,or 105 days. From your experiance do you see Feb. 28 as a rough time line,or is the process that predictable?
This is my first oil company investment,as I have played index options for years, but I would not have invested in Peii if not for a company DNR and they do exactly what PEII is trying to do and they are worth 6 bil. The more dd I do on CO2 it is truly amazing how much is happening! It is hard to figure why the price is what it is but come the end of the month we should find out.
Thanks for having the patients to answer my questions,it'much more interesting and weather we succeed in this adventure or we don't I learned alot. Thanks oh Tesla is the man for finding almost everthing,so if you need data he's the source.{Although I am impressed with the skills of Naz but for some reason he is on the dark side}

[goeagy]

I see i was in a hurry and had some improper info here in bold

"ya seen the BPW thing so calculate 18 wells X 45bpw increase /by days of week and you get 115 bbl/day + nominal well production of say 10 bbl per day (it was double that on the first) without co2/fluid injection is another 160 BPW /7 days per week is 137 total bbl per week. and finally ad the fact that the pressure increase on the first well was below maximum and already picked up an increase of 45 bbl per week."

c02 increase of 45BPW X 18 wells = 810 BPW or 115 BPD
nominal well production 10 BPD X 18 wells = 180 BPW or 25 BPD
increase in pressure X 18 wells = unkown at this time

conservative estimate on 18 wells production is 140 BPD
40 BPD X 80$ per barrel (give or take its higher at he moment) is 336,000 give or take per month in potential revenue.

We have 104 wells total according to their assets list with 90 of those capable of being produced.

90-18 already calculated 72 wells potential of 55BPD per well (co2+nominal) is another 3960 BPD production resulting in another 9,504,000 in revenue per month for peii

I believe that 55BPD is a really low estimate. At the same time this is based on ALL wells can be put back online.

[brya1278]

Hey goeagy
Are you still with us ? Miss having your insight to the oil industry. GLTL