Repeat of my earlier post on SH.
To ALL: Comments please,
RE: CWQ position in Texas.
I did a quick run down on the Coleman Warren/Thurmond #2 well, using the No,s from Commonwealth NR,and my query to CWQ.
My calculations of CF after payout.
700,000 CFGD x 4.65us MCF = $3,255.00
98.6 BOD x 26.00us BBL = $2,563.60
TOTAL = $5,818.60 per day x 365 =
or $2,123,789.00 annually @ 5% W.I. $106,189.45 per annum . too CWQ.
Currently 2 wells in production =x2 . Projected capacity for 10 to 12 wells.
NOT TO SHABBY I'd say, adds to the btm line.
Kindly take a whack at the numbers see what you think !!
JMHO
Respect.,
Gerry |
