EXPM:PREGF - Post by User
Comment by
Chevy_Chaseon Feb 12, 2014 12:52pm
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Post# 22200662
RE:RE:Talking to some people,
RE:RE:Talking to some people,I think you are missing the 4th option...
If they are able to produce 500 barrels a day and sell it for $100 per barrel, PRD would generate $50,000 per day, $1.5 million per month and $18 million per year... on the first well alone. Put a second well on stream in a couple of months and yearly cash generated would be in excess of $30 million...
The fourth financing option is this play becomes "self financing" with slow growth initially and exponential growth as the months proceed.
It's simple, we need the data on the first well... I hear the locals do not work in the snow and this has been part of the delay.