RE: Anyone have a hint as to...Wells might pay for themselves
The Bridge-Paramax ML Investments No. 1 well has a planned total depth of 7,000 feet, with an estimated drilling time of 25 days. Gross cost for the five-well program is approximately $5-million (U.S.) and overall drilling time is estimated at four months, incorporating interim rig moves.
Since they are under budget its less than $1 million per well
From a post i put up earlier on distillates and cost distilates are about $50 a barrel
They have been getting about 57 barrels per day on the tests
57 x 50 x 365 = $1,040,000 per year ... but then you have decline , but still at that rate
the wells are free !!!!!!