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Message: Possible Gas Revenues

Possible Gas Revenues

posted on Jun 24, 2008 05:28PM

http://pryoroil.com/court/plead02.pdf



The Howard White #1 well has been estimated to produce 1 million cubic feet of natural gas for 4 1/2 years.



4.5 * 365 days * 1 mmcfd * $13 / mcf = $21.3 Million gross revenue

The cost of hooking up the well is about $300,000.


Estimated time of completion about 1 month.

If JB #2 has similar production numbers MEO should hurry up and get this well in production.

This well also has the following prospective oil formations

Lower Sunnybrook

Knox

Copper Ridge

Other surprises?






Jun 24, 2008 08:10PM
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Jun 25, 2008 08:09AM

Jun 25, 2008 08:17AM
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