TSXV:CLAS.H - Post by User
Post by
2skytracker2on Apr 12, 2012 10:22pm
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Post# 19788871
Any idea what it cost to drill mani#1
Any idea what it cost to drill mani#1 Before drilling mani#1 and reworking canaguay we had 4 cents per share in the bank.........at this point both of these wells are producing oil.....about 600 bbls per day..........approximate gross revenue of $60,000 per day @ todays oil price.....im not sure of all the operation and production costs per bbl. but i would guess its not 50% of gross revenue......so lets say we are bringing in $30,000 per day......question is would this cover 50% of the cost of drilling a well and day to day operations???