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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?





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