Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Frank who wrote (63910)	4/5/2000 10:18:00 PM
From: r.edwards	Read Replies (1) of 95453

CRK, from yahoo....... "New well @ 8 MMCFD + 600 BOPD by: oil_speculato 4/5/00 5:38 pm Msg: 1315 of 1322 is not bad news. CRK owns 51% WI in the new well which (after frac) is expected to be cranking out additional net cash to the company (based on $2.80 gas and $24 oil) of about: (75% guessed NRI)(51% WORKING INTEREST)(8 MMCFD)(2.80/mmbtu)(1.1 MMBTU/MCF)30.4 = $286M/month for the gas and (75% guessed NRI) (51% working interest)(600 BOPD)($24/bbl)*30.4 days/month = $167M/month for the oil totalling $452,000 per month in new cash flow (after estimated small LOE of about $2,000 gross per month). Not worth a decline in stock price IMHO today." --------- ----------------------------------- I believe the actual nri is about .73, THEY also have a large low risk infield farmin yet to be announced. my source is very credible. r.edwards

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