To make you feel better roamer, i would work out the profit per...

To make you feel better roamer, i would work out the profit per barrel at about 35% after costs of production, taxes etc. So around $28 in my eyes. Until we get production happening we are only guessing. I would estimate something between $5m and $10m of cashflow. To be self funding i beleive you would need 8 wells - $20m to 40m. Managment would want at least three wells a yr drilled thereafter. At about 8m a pop thats $48m + storage or connection costs. So $50m of capex, if everything goes to plan. Production will most probably in the first couple of yrs be devoted to corporate costs, hiring of more staff, consultants, reports, evaluation of future prospects etc to grow the company, with little devoted to exploartion