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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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Bridge Resources Corp V.BUK



TSXV:BUK - Post by User

Bridge Resources Corp > Future Drilling program
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Comment by Mrigson Feb 13, 2009 3:13pm
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Post# 15778117

RE: Future Drilling program

RE: Future Drilling programLand Drilling is slowing, Offshore hasn't seen the same slowdown as of yet....


Yes the oil sells at a premium, roughly $10-15 more per barrel for premium..... I just wanted to calculate worst case scenario...

Any way you slice it. If Durango produces at 30 million cubic feet per day and 500 barrels of oil per day, this well will make 100 million plus. ($0.75 a share less debt and drilling)

This company is expanding in and paying down debt in tough times with CASH!!!

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