Fisherwoman, at first I though maybe they had left of a M so it should have read MBOE but then again I looked at it, if they get $75 per barrel then the return for the 125000BOE will be $9,375,000 Total so OTE would then get $402,187.50 so provided they get the oil out quickly and at no further cost for a outlay of $110,000 they will be in front
But they are only targetting 125000BOE actual amount not known yet, so lets hope they get at least what they are targetting
Still waiting on a number of updates as to other wells
DYOR
OTE Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held