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Gold/Mining/Energy : Canadian Partners in Project Ekho
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To: GerPol who wrote (307)11/1/2000 8:59:28 AM
From: stan_hughes  Read Replies (1) of 311
 
Gerry - As many here can tell you, well operating costs will vary from well to well, and whether the well produces oil or gas or both, the water cut, etc., etc. Furthermore, given that certain overhead and well supervision costs under CAPL agreements are often flat fees per well, the smaller the well's production, the higher those fixed costs represent as a percentage of the revenue from that well.

My recommendation is that you review the average operating costs of other companies of similar size and property mix to see what their cost experience is. You could then apply those ratios to your projections and come up with a fairly good estimate of what to expect. I know it would be easier if someone were to just give you an answer but that would take all the fun out of it, wouldn't it?
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