TSXV:BRS.H - Post by User
Post by
RGS1on Feb 27, 2004 12:22pm
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Post# 7128636
% ownership
% ownershipI understand the the interest in the Lasley area varies from hole to hole but averages about 10%. This is equating to roughly $10,000 us per hole per month to the company. The last hole, Roser 1-11, seems to be much larger than the previous hits so it would make sense that the numbers would be even better. In speaking with management, I get very excited about the potential for the Howard County, Texas re-entry hole as well. This is 100% BRS with very serious potential to have 150 bpd production. Also there is room for lots of infill drilling so if succesful we would see a massive increase in cash flow. Add the Lasley Cash flow and the potential of Howard County and it looks like big upside. I'm with you Mikerocap.. feeling a little smart !!!