GREY:SCSZF - Post by User
Post by
iaminvestoron Nov 15, 2012 1:13pm
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Post# 20605426
$67,000/boepd !!!
$67,000/boepd !!! Absurd , absurd , absurd.
Nobody reads any more, nobody makes calculations.
FFO is almost $30M annually and this gives cash for minimum 10 NEW wells as the cost per well is $2M for SCS (40% WI).
Assuming IP-30 550 boepd, this gives a 5500 boepd gross which is NEW 2,200 boepd NET for SCS in 2013.........EXCLUDING the waterflood improvement from the EXISTING wells that DOUBLES the production on average.