GREY:RGVNF - Post by User
Comment by
lucky5on Nov 30, 2010 10:17pm
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Post# 17780885
RE: RE: Long awaited NR/Good indeed
RE: RE: Long awaited NR/Good indeed
According to what is known on this deal REV will earn net 52 percent. This amounts to 15000 per month per well. They seem to have two or three wells on stream and according to rumours the deal has been cut for acreage leading up to 15 wells. Nothing has officially been stated, but sources in LA close to this deal confirm that. multiple pay zones of the well/s appear to show that REV after a long time has struck it rich.
It is a long term play that we can feel secure about the cash flow potential.