Re: Insiders Options - ROR
in response to
by
posted on
Jun 06, 2008 05:59AM
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Goalie, I would hope that putting the gas in JB#2 into the nearby pipeline would be a big priority and get the cash in the door. Putting #3,4,5 producing oil would add to the pot.
No speculation on gas revenues, but 500bbls per day per well, @$125 is $187,500 per day. As operator, and an agreement to continue working, then 100% of the revenues could be used. That's over $5 mil per month.
Even if the numbers are off a little, the potential is obvious.