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Microcap & Penny Stocks : Benz Energy (BZG.V)
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To: Ed Ajootian who wrote (111)4/1/1999 9:50:00 AM
From: Casey  Read Replies (1) of 272
 
Ed:

<<I got the 30,000 mcfd figure as follows:

1) Current production other than at Oakvale Dome = 5,000 mcfd
Oakvale Dome wells:
2) Byrd well, 10,000 mcfd x 55% w.i. = 5,500
3) Howell well, 15,000 mcfd x 64% w.i. = 9,600
4) Fortenberry well (yet to be logged), 15,000 x 70%= 10,500
_______
Total production, rounded down for conservativism 30,000 mcfd >>

Does this take into account declines? What are the decline rates that they are experiencing?
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