CGRA has potential to pull 500-1000 BOPD
CGRA has potential to pull 500-1000 BOPD $18,000,000-$36,000,000 Annually....7,000,000 Barrel Potential worth $700,000,000
HUGE OIL 181 BOPD($347,510 MONTHLY or $4.2M ANNUALLY PLUS 73 ADDITIONAL DRILLING LOCATIONS) OIL PRODUCTION FROM WEBSITE HUGE >> It is estimated that the field will be producing approximately 181 BOPD upon completion of this phase. With most leases being at an eighty percent (80%) Net Revenue Interest and oil at ninety dollars per barrel, $347,510 per month in net operating income is projected.
The initial focus of this business plan is on the revitalization of the producing and proven developed non-producing wells on the lease acreage. This can be accomplished with an estimated 1.1 million dollars in capital expenditures. It is estimated that this will result in the field producing approximately 181 Barrels of Oil per Day (BOPD). Once this has been accomplished, there are 73 additional viable drilling locations which have been identified. There are possibly more, particularly in the Mowry and Niobrara formations. Additional drilling locations will become evident as the field is developed and economics dictate
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