PINL:OROCF - Post by User
Post by
cristoon Aug 14, 2001 1:21pm
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Post# 4091968
qzknight - They are already in Target area
qzknight - They are already in Target areaThey apparently broke into the Mt Brown sands this morning and the gas appears very strong. Porousity was excellent, "like a hot knife through butter", and they expect to be at target depth in a day, maybe two. An electronic flow test will be completed at that time. So..we should have a more clear picture as to the extent of this Hit. My bet, giant windfall. Also, this is where we want to be...with the lead company. If they get say, 8MMCF per day at say, $4 per MCF, that's 8,000 x $4.00 = $32,000 per day = $960,000 per month. Olympic's share?...@17.54% before payback $170,000 per month...after payback, $140,000 per month. That's almost $2 million in the first year. Not too shabby! I know I run the risk of sounding too much like a hypster with this post, but this is my rationale for buying the stock on my own account. I just wanted to share it and if there are any comments, I'd like to hear them. Good luck to all.