Nice find, Cakes. Just to be clear on the barrel numbers so no hypster can run on this and give a basher ammo to bash with...these barrel numbers are referring to the rate of disposal of salt water into the respective wells, to renew pressures in the fields for renewed production. Not sure what sort of correlation, if any, those rates could have with production.
One thing it does do though is give us a more clear picture of the rate of process...being relatively slow at 100 barrels per day vs 1000. So a good reference in that regard.
Until clear production numbers are established we should stay within Floyd's press released number expectations of 30-45 barrels of oil per day per lease...which if you do the math is between 540-810 barrels of oil per day production for all 18 leases when completed, or at $94 per barrel is between $50,760-$76,140 per day of revenue. Doing the math a little farther that comes to between $18,527,400 and $27,791,100 total revenue per year...once all of the leases are reworked with Petron's CO2/EOR process.
Double check my math and info for yourselves, but I believe that is the reasonable long term prospect of what is in hand now.
I appreciate everyone's efforts at digging out real info! GLTA.
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