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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: oilbabe who wrote (46908)6/25/1999 12:03:00 PM
From: oilbabe  Respond to of 95453
 
Well, another day where OSX tried to rally and has so far failed. Trading at our lows of the day. Maybe a selloff down to 70 on good volume coupled with end of day reversal might turn it short term. Of course such textbook action is too much to ask for, right?



To: oilbabe who wrote (46908)6/25/1999 12:14:00 PM
From: Roebear  Read Replies (2) | Respond to of 95453
 
Thanks oilbabe!



To: oilbabe who wrote (46908)6/25/1999 1:48:00 PM
From: Think4Yourself  Read Replies (5) | Respond to of 95453
 
I have a call into Kelly Miller (CEO) to find out:

1 If/when they will make a press release regarding the well.
2. When it will go into full production
3. Costs to bring it to production (pipeline, etc)
4. Verify gas volumes...

900Bbl oil/day * ~$11/bbl = ~$10K/day
1 bil Cubic Feet/day * ~$2.20/Thousand cubic feet = ~$2.2 Million/day

Well is worth over $700 Million/year?


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