R15 good to look at THIBODEAUXs numbers. With assumptions of Oil @ $100/Barrel and Gas @ $4/MCF (probably slightly high) total revenue from the well so far is $50mil. We had a 4.75%WI (I cant remember the NRI, I think its was 75%) that puts the gross figure to us at about ~$2mil. I know its a long life well but the $7.5mil we got in cash seems to have been a brilliant decision.
300k trade at .003 - 1.42 pm, page-32
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