Your calculations regarding the disposal well were using absolute best
case scenarios - towards $30/barrel and maximum daily throughput.
However, you are correct to be excited, as even with a $20/barrel fee,
we're looking at about 65-70mill/year. As there are only about 22 mill shares
in CSMA, this potential profit of around $3 per share would push CSMA
well into double figure territory.
I'm kind of assuming that until word gets around, and the Utah government
fines infringers of the dumping laws, the Envirotech well may not be up
to full disposal capacity immediately. But it will relatively quickly ramp
up operations and become handsomely profitable in a matter of months IMHO.
Plus, there are 2 other potential class 5 disposal wells on the drawing board
for Envirotech.
Trying not to hype here, but as better days approach, I just can't help getting
that warm fuzzy feeling.
Regards,
Durro
P.S. - Ummm, Jay, watch the language please. I don't think that SI takes
too kindly to that sort of thing. Minding your P's and Q's will help stop you
getting kicked off.
P.P.S - Carole, how did I know you wanted to be a bridesmaid ? You
shoulda told me girl ! Don't worry, we'll be back one day... |
