NYSEAM:ANV - Post by User
Comment by
JoeBloon Aug 02, 2001 12:27pm
140 Views
Post# 4055471
RE: News
RE: NewsWOW!!!!!!! WOO HOO!!!!!!!!
Based on the numbers, and present price of gas, and cost of production/royalties, I calculate about $135,000 profit to ANV over the next 2.5 years (10% of the total). That's about $4,500 per month. For three wells. With monthly costs at about $30,000 per month, ANV only needs another 15 wells to break even. And with a reserve life of 2.5 years, ANV will need more properties. You know, it would have been more intelligent to have put what little cash ANV had into an energy trust. It would be generating more revenue than Brooks and Texas combined.....