Golden Arch Resources---GAI.V Message Board

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Gold/Mining/Energy : Golden Arch Resources---GAI.V

GAI 8.800

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Mar 22 5:00 PM EST

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To: Gabe Heti who wrote (302)	9/13/1999 9:54:00 PM
From: Oak Man.	Read Replies (1) of 359

In Alkali Draw Golden Arch has a 10% W.I. = 7.8 % N.R.I. Perfect World Target Potential is 800 BOPD X .078 X 24USD X 30 = 44,928 /mo. A good Dakota Well could do 1,000,000 barrels X $24USD. Considering that type of upside,and in light of completed cost for 5,700' well is expected to be less than $300,000USD,the play is a good bet. regards

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