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SAXON OIL COMPANY LTD SXNOF

Energy Oil & Gas Drilling


GREY:SXNOF - Post by User

SAXON OIL COMPANY LTD
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Comment by Bobwinson May 21, 2008 12:15pm
348 Views
Post# 15094327

RE: News!

RE: News!15% of 300bpd = 45bpd X $120= $491,400 per qtr of gross revs.  Q4 of 2007, Saxon had gross revs of 740K so this increases gross revs by 66% with 4 offset locations.  Good news.  Need more production to make this really undervalued.  This well might get us to .01 cashflow with rounding.  Need another 100bpd to get us closer to .02 cashflow/share/qtr.  Bobwins
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