GREY:NOVUF - Post by User
Post by
ardvark11on Jun 01, 2011 10:23am
478 Views
Post# 18655495
Viking Well Production
Viking Well ProductionEach well will produce about 13,400 bbls in first year, 7500 in second and 6200 in third. total production is 71,000 bbls so well life is well over 10 yrs.
At 50 wells, we have 670,000 bblds for the $50,000,000 investment. At $100 per bbl, this is $67,000,000 in the first year producing.
Best investment going right now but they are slow to execute so SP is off. Maybe they were getting contracts signed and sourcing equipement.