Wacky at 10.58 today24 Mar 2025 16:29
If we now have dibs on 30% of production,and no costs per p.g. deals, of 250 wells in tt, all tax free after the 12.5% gov tax.
Then if the oil in tt is the thickest,poorest flowing and all the wells only dribble 9 barrels a day,and we only increse these to 18 barrels/day then 18x250=4500 bod x 360 days for maintenance,reflow work every 3 months,then that is1.62m barrels yearly.with none ever going over a large dribble at 18 a day.
If $70 per barrel = $113.400,000 -12.5% ($14.175m) = $100,225,000 with 30% to pred thats $30,067,500 a yr net as we have 55mil tax credits. this is a low end possibility, some wont flow, some will be 9 to 18 a day and some A LOT HIGHER.. a bit more than petty cash to keep paul and a driling crew in coffee and biscuits. THIS will take a while if we try all of the wells,im sure there is plenty of low hanging fruit to pick first,a few at 30 to 50 boi a day will be welcomed. and all for no overheads except the well stimulation crew(s)..