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Ann: Drilling Update - Icewine 1, page-88

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  1. 2,595 Posts.
    lightbulb Created with Sketch. 52
    When 88E starts pumping oil out of Icewine they will most likely only be able to yield 30,000 barrels of oil daily from one well. That would be 30,000x $35=$1,050,000 per day so in a month of 28 days that would be $29,400,000 million doller and only 840,000 barrels of oil. To finish the 8 Billion oil would take around 730 years so Im assuming they will need to drill more wells. At least 70 more if they were to get all the Oil out b4 the lease of land contract is finished. They also have to be quick and smart about it.
    This is why I have high hope's that we will see things rolling out faster then we think.
 
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