Rest of it seems good though another 1mil barrels of reserve that should come out at around 200 barrels a day or so and at a cost of only $5 a barrel acquisition plus landowner royalty 20% meaning we retain 77% of revenue
200 barrels US$70 $434k a month netting 334k to WEL
All so an agreement with a gas MoU as well which looks promising
Good to see someone has been working on stuff in the background while appearing not be interested
Ann: Acquisition of 100% interest in Varn Oil Field, page-3
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