Subj: Oilex plans
Date: 98-10-11 14:39:34 EDT
From: CALIFTALK
It is step by step and detail by detail.
Three swabbers are working.
One in each of the following Oil Fields:
Rivilo,Big Foot and Luling
We are on schedule to produce 200 barrels per day
and anticipate an average of 20 working days per month,
subject to weather conditions
thus 4,000 barrels per month at estimated net $10 per barrel(70% of $14)
will generate $40,000 monthly cash flow
which will cover all normal monthly expenses estimated
to be in the range of $28,000-$30,000
and leave a small surplus of $10,000 - $12,000 each month for
legal fees, auditing fees, oil field and swabber improvements and nonrecuring expenses.
After the fourth swabber is on line (within 30 days) the numbers will increase. |
