just a post courtesy of zoom_bee on the yahoo thread...
Let�s think of what 3.8% Royalty means
Hall 556 BOE * 30 days * $90/ Barrel = $1,500,000 Intrepid 556 BOE * 30 days * $90/ Barrel = $1,500,000 Gleam 556 BOE * 30 days * $90/ Barrel = $1,500,000 Courageous 556 BOE * 30 days * $90/ Barrel = $1,500,000 Enterprise 556 BOE * 30 days * $90/ Barrel = $1,500,000 Ahlbrandt 556 BOE * 30 days * $90/ Barrel = $1,500,000
So what is $9.0M times 3.8%? It's $342,000/ month Royalty with no expenditure
Then the Gary well 556 BOE * 30 days * $90/ Barrel = $1,500,000 time 37% or $557,000 per month.
Then add a couple of dollars for Samson�s other wells and you are $1M / month. Have a nice 2011.
How much was spent in October through December? All the wells were already drilled, no FRAC's just Samson going green. Not that $79M in the bank wouldn't be able to make them green but here it comes; 2011.
