GREY:SDRYF - Post by User
Post by
gonecodeon Jan 14, 2010 9:37pm
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Post# 16681562
Cash Flow Numbers
Cash Flow NumbersOK throw some numbers around now....
Five wells have been brought onto production in the Al-Amir and Geyad development leases since February 2009 and gross daily production reached 6,170 bopd in November. Cumulative production from the concession since it began producing in February 2009 is now over one million barrels. The sixth well in the concession is in progress and three more wells are to be completed before the end of 2010.
They have 10% (actually under 5 % with taxes) Right now....
So around 700 BOD to SDX....
around $42,000 a day depending on price
ROUGH NUMBERS....
More to come this year ....Another 3 wells for maybe another 500(or more) BOD to SDX (guessing)
$30,000 a day .........more by the end of 2010.....
Could be looking at $70,000 to $100,000 a day just from this zone.....PLUS PLUS!!!!
Depends on future holes and Price per BOD
Also now they have picked up 50% of the new wells in KOM OMBO
Four wells were drilled in the field of which three wells are currently on production at approximately 850 bopd. According to DGE's latest Press Release, the fourth well drilled in the Al-Baraka field has encountered approximately 50 feet of oil pay in the previously defined reservoirs and some 25 feet of oil pay in a new reservoir. Preliminary testing of the new zone indicates the well to be capable of producing at a maximum rate of 1300bopd.
YOU KNOW THEY HAVE OIL THERE!!!!!
Cash Flow from them as well........Depednds on the wording actually
Do they get current production included...HMMMM
That could be 50% of over 2000 BOD......It says future production but it is not all on stream yet !!!
Interesting......Still 1300 BOD to come on yet......
Looks like some good Money here ...................What was the quote
Future development plans for the Al-Baraka oil field include the drilling of some 30 development wells over the next several years.
CAN YOU SAY CASH FLOW!!!!