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Gold/Mining/Energy : Amalgamated Explorations (AXPL) thread 2 -- Ignore unavailable to you. Want to Upgrade?

To: SnakeInATuxedo who wrote (172)	3/5/1998 12:00:00 PM
From: Jeff Williams	Read Replies (2) \| Respond to of 269

C.L. -- While you "merrily watch while they lose it," you might want to consider the following thought: Forty million cfd @ $2.20/thousand cf X 365 days per year X 1.5% (AXPL share) = $481,800 gross income for our company. Cost to drill was approximately $8 million X 1.5% = $120,000 for AXPL's cost. Payback would appear to be about 3 months which is excellent considering many wells have a 1 year payback or longer. Have a very "merry" day. Regards to AXPL shareholders, Jeff Williams