RE: HAO has opportunityAin't History a marvelous thing!!
" 2005-01-14 08:00 ET - News Release Re. Enchant Alberta
One well on this prospect
produced over 30,000 barrels of oil over 23 months of production.
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23 months @30 = 690 days
30,000 barrels of oil /690 days =43.478 barrels of oil a day
43.478 barrels of oil a day @ 48$ barrel = $ 2086.944 income a day
$2086.944 a day @ 30 days (month) = $62608.32 net revenue
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HAO holds 50% working interest in this prospect
$62608.32 -50% = $31304.16 net revenue
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HAO will earn $31304.16 net revenue monthly from Enchant Prospect in Alberta *****Just the first well*
This is the first well on the Enchant
Prospect that HAO is participating in.
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Operations are expected to commence in January on the Red Water
gas prospect in Alberta.(Drill stem tests have resulted in flows in
excess of 12,000,000 feet of gas per day. NATURAL GAS ($/MMBtu)Nymex Henry Hub $6.4
so calculate the potential income for habanero
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Operations Commence on Three More Oil and Gas Wells in Texas
Stuart 60 #8 Well in Jack County, Texas
This well is part of the Martex Prospect that has already yielded five successful drills out of five. The other two wells are scheduled to be completed immediately after the operations on the Stuart 60 #8 Well are completed. HAO has already paid the cost for these three wells.
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2005 is shaping up to be a strong year for HAO's growth prospects."