Posted On: 06/20/2013 3:23:42 PM
Post# of 39368
The question is how many barrels of oil per day (BPD) do you expect by year end? Say we get the equivalent of 300 BPD where the pie is all ours. That's 300 BPD times approximately $100 a barrel which is $30,000 a day times 365 days is approximately $10 Million gross and a net of about $6.5 million. That will pay off a lot of loans and allow for multiple projects at the same time. PPS will at some point be directly related to BPD.
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