Post by
BayStreetkid on Sep 16, 2010 4:49pm
8 proposed wells...
not sure the cost associated with drilling/operating wells (too lazy to look it up too). Anyhow, lets say those 8 wells produce on average 1000-1500 barrels per day of oil with oil being at $75 and alot of upside... Care to do the calculations?
Comment by
Dire_Wolf on Sep 16, 2010 5:07pm
Where are you hearing about 8 wells? I spoke to the CEO today and he told me different.
Comment by
BayStreetkid on Sep 16, 2010 6:03pm
Mind sharing what you heard?
https://www.lethbridgeherald.com/content/view/229173/109/
Under the deal, the tribe will earn royalties from the expected 16 wells Murphy proposes on the southern half of the giant reservation, and eight wells Bowood proposes on the northern half of the reserve
Comment by
steve56 on Sep 21, 2010 12:29am
Haha 1000-1500 bpd .That would sure be a nice thought wouldnt it. With oil trading around 80 bowoods share would likely be less than half of that.Sorry to burst ypur bubble.Still a good company though.
Comment by
BayStreetkid on Sep 21, 2010 7:37am
you forget that their bread & butter = land appreciation.