Environmental Remediation Hldg Corp. (ERHC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Environmental Remediation Hldg Corp. (ERHC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jeff Williams who wrote (23)	7/15/1997 9:49:00 PM
From: GrnArrow	of 671

Hi Jeff: Reworking of wells seems to be the only near-term source of cash flow, but I don't know if I'd call it immediate (except for the current 40BPD). About two months after acquisition of the first wells, they had 5 going. Five weeks later, they apparently don't have any others going. At this rate getting 100 wells going could take a long time, but I will give them the benefit of the doubt and assume they will speed things up in the future. I really don't know what is involved in reworking the wells. Your calculation assumes the other wells will also produce an average of 8BPD, and the BAPCO tool will increase them to 25BPD. They may have started with the most promising wells, so future wells may not be as productive. It is too early to tell. We may see $15 million in revenue from the wells someday, but I wouldn't expect it any time soon. regards, Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next