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Gold/Mining/Energy : Golden Arch Resources---GAI.V -- Ignore unavailable to you. Want to Upgrade?

To: Gabe Heti who wrote (302)9/13/1999 1:57:00 PM
From: donald martin  Respond to of 359
 
<<What annual revenues would GAI receive if a reasonably productive well were discovered, in light of GAI's 10% interest in the well.>>

Given their past performance? Enough to cover "overhead" and do some stock promotion, not much more. We'll see if this time is different.



To: Gabe Heti who wrote (302)9/13/1999 9:54:00 PM
From: Oak Man.  Read Replies (1) | Respond to of 359
 
In Alkali Draw Golden Arch has a 10% W.I. = 7.8 % N.R.I. Perfect World Target Potential is 800 BOPD X .078 X 24USD X 30 = 44,928 /mo. A good Dakota Well could do 1,000,000 barrels X $24USD. Considering that type of upside,and in light of completed cost for 5,700' well is expected to be less than $300,000USD,the play is a good bet. regards


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