Re: Insiders Options - ROR-question
in response to
by
posted on
Jun 06, 2008 11:04AM
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SunSeeker, ROR opinions are different for each company, but payout is the first concern. With all the wells drilled, the total invested will be close to $45 million.
$45 mil/$125 bbls = 360,000 blls to payout
360,000bbls/ 24 shallow wells/12 months=1,250 bbls per day.
Whatever the number of barrels per day, payout could be really quick, especially with 3 deep gas wells included.