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Diaz Resources Ltd V.DZR



TSXV:DZR - Post by User

Comment by betsupon Apr 24, 2012 12:47am
205 Views
Post# 19827217

RE: Are you silly?

RE: Are you silly?

Seemed clear, accurate and not at all ridiculous. The company said the net back is $70 per bbl (barrel) and the wells are producing a bit more than 45 bbls per day net to DZR.

45 bbls per day x $70 per bbl = $3,150 net back per day. A year has 365 days one more every approximately 4 years. 

 

$3,150 per day x 365 days = $ 1,149,750 per well. 

 

All the numbers except for the number of days in a year are from information published by DZR. 

Hope that helps. 

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