At 100bopd how long would it take to pay off the initial cost of
1. The drilling.
2. Setting it up to produce.
Around 10 years?
For it to be comfortably economical wouldn't we need flow rates of 500bopd or above?
With the amount of shares on issue we would need a lot of wells producing at 500bopd for us to see a significant rise in sp.
I will probably get shot down in flames but even without a calculater 100 barrels a day just doesn't cut it.
This post is not directed at anyone at all and I'll probably get shot down by some But my target is 500bopd or above on this or any other well they drill. Otherwise it wouldn't be worth it for me.
Could I invite posters to write the amount per day they are holding for and why.
Thanks , kongg.
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