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Posted On: 05/14/2014 10:09:06 AM
Post# of 99271
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Posted By: StockMasterTalk
Over the next 5 years Energy Revenue America expects to drill in excess of 500 wells on the 13,000 acres. For every well completed, the reserve value for future gas and oil from the wells becomes a value to ERA as future income. ERA estimates that gas reserves at the end of year 2 will exceed $80M and at the end of year 3 over $150M. $ERAO

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