NAMX -- North American Expl.-- Que Sera Sera! Message Board

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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!

NAMX 0.0001000

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Dec 12 9:30 AM EST

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To: alchemy who wrote (1609)	11/29/1997 5:40:00 PM
From: Michael T Currie	Read Replies (1) of 4736

> I have been told that when a field is charted, and when the reservoirs are shallow, the subsequent drilling cost can come down to as low as $50K a well. Can anyone confirm this? Marty, I think you would do yourselves a favour by sticking with the higher estimate. $50K per well barely covers completion costs. $300K may be a bit high, but if they have to go to something like high angle wells for the fractured reservoir, costs will go up. It sounds like a good, safe average to me. Mike

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