PYM pryme energy limited
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Ann: Rosewood Plantation 21H No.1 Drilling Update, page-28

  1. V8
    10,930 Posts.
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    09/01/13
    00:40
    Post #: 11265142
    re: Ann: Rosewood Plantation 21H No.1 Drillin... Cmonaussie

    I need you to explain to me how

    "His model had gross 1st month oil production 59MBO and 43MMCF"

    equals

    about 4 mths for payback V8.

    59000 barrels of oil is about $5.9 million

    43 000 000 CF of gas is about $43000

    Even with the sidetrack I find it hard to believe this well will cost more than 6 or maybe 7 million dollars at most,

    PYM Price at posting: 10.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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