Nevtah/Tower Oil Intl.- NTAH Message Board

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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH

NTAH 0.00400

-60.0%

Jul 24 5:00 PM EST

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To: Robert who wrote (2001)	7/8/1998 8:40:00 PM
From: Ellen	of 3817

Thanks for posting that write-up, as I hadn't seen it. This part: $$$$$$$$$$PRODUCTION AND REVENUES PROJECTIONS$$$$$$$$$ The numbers become a bit staggering, it is very easy to see why we have taken notice of this company. With 5000 wells at a very conservative (national figure) of 2.22 BOD, Gross annual revenues would hit roughly $50 million. Estimated cost of production is about $8.00 per barrel including leasehold and royalty payments. Drew my attention, of course. When I spoke with Jim King at Canyon, he mentioned that, if the stripper well test results are good, the company hopes to have 5,000 wells in production in a year.

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