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Ann: Highway 71 Completion Update , page-31

  1. lautrec
    8,606 Posts.
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    04/03/10
    19:08
    Post #: 6407047
    HoppieLimp,

    I think the ratio for OIL:GAS is 1:6.

    So your equivalent is accurate.

    The anonucments says we are producing 135 barrels of oil equivalent per day.
    So its fairly easy to calculate the gross revenue.

    Royaltie...dunno...i always take off at least 33% and sometime 50% so as not to be disappointed (and it is neasrly always enough to account for costs incurred).

    Cheers for the response,

    LAutrec
    TEX Price at posting: 2.7¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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