WGP board is targeting 100bpd by the end of July...they currently have 60bpd , with work being done on #5 and#7 to get output to a safe level of around 20-40 bpd combined...then you have the 3 new wells being prepared, with permits and clearing to be finalised by the end of next week 22.6.07..so by the end of june they should have 1 well drilled.. by the 10th july 2nd well should be drilled and by the 20th july we should have the 3rd well drilled...realistically speaking if they can get 10 bpd out of each, we should have a total of around 115bpd
115 x $65= $7475 - 12% = US$6,578 daily
US$2,400,000 - drilling costs & admin.
they will drill aother 10 by the end of the year, lets say a combined output of those 10 is 50bpd (5bpd each) ....
that's another US$1,200,000 minus costs.
WGP board is targeting 100bpd by the end of July...they...
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