25,740' WINFIELD RANCH JV PARTNERS 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.

Gold/Mining/Energy : 25,740' WINFIELD RANCH JV PARTNERS

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: whisky who wrote (838)	3/4/1999 5:29:00 PM
From: Don Richards	Read Replies (1) of 1326

whisky,while I may not quite agree that we don't require financng or ins.money to redrill (due to the fact that the revenue from 10mmscfd isn't enough),plus IMOO it's going to take probably closer to a year to break even just for itself if a new well was producing at 25mmscfd.This well we have was budgeted at $8.5million to drill I believe,and took about 10 mos.to td. However,a new 40 mmscfd well changes things a lot.I remain very optomistic about our current position,and also believe in share accumulation at this time is a good idea,especially at these prices, now that some action will be forthcoming. A couple of real positives I see is:1)Weatherford is a large co.with a major reputation to protect,and having a lawsuit against them does not look good.I don't think they want it there!!-We may get a settlement fairly quickly!!,as it sounds like we have a very srong case.plus, 2)It shouldn't take very long for these testing operations to start,and they should be relatively inexpensive.-Probably a testing procedure will be drawn up and submitted and we should be on the way shortly after that.That should help our share prices... BWTHDIK!!.. Regards,..LP

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next