OTCPK:GSFVF - Post by User
Comment by
borne2runon Dec 04, 2013 7:37pm
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Post# 21972262
RE:GASFRAC Announces Success in Eagle Ford
RE:GASFRAC Announces Success in Eagle Ford Did you read the Terrace Energy news release? Over the first 15 days, production averaged 765 barrels of oil per day. Based on current oil prices, the initial production is probably generating a cash flow of $400,000 to $500,000 per week. If productions holds steady, the payback period could be less than 2 months.
Ka-ching, ka-ching.
Terrace Energy must be thrilled with the initial results.
This could be the first major breakthrough for Gasfrac, something that paves the way for a number of new trials.