BUR 17.2% 17.0¢ burley minerals ltd

Ann: BUR Truchard3 Well Update, page-23

  1. 625 Posts.
    using the figures given in the announcement we get :-
    Condensate 22bbls x 30 days x $49 = 32,340
    Gas 1200mcf x 30days** x $4.20 = 151,200 Total $183,540 x BUR's revenue interest of 40.32% = US$74,003 / month
    All we've been told is that the well cost is under the $US2.2m & BUR's working interest is 50% so assuming BUR's contribution is US$1.0m how long for this well to pay itself back? I do not know operating costs.
    ** assumes 360 days p.a. of operation??
    Can any long term holder advise why, for each well, BUR's operating cost is 50% but revenue is only 40.32%
 
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