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  4. Xun Energy Inc. (XNRG) Message Board

Rice #15 is still producing oil and in production.

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Post# of 2009
Posted On: 09/13/2014 4:39:41 AM
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Posted By: nightfly
Rice #15 is still producing oil and in production. If you look at these paragraphs in the annual report
you will see the following:

On May 29, 2014, the Company's Operator, VEP, completed the notching on the Rice #15 oil well.
On June 3, 2014 Rice #15 commences production.
The Rice #15 is producing oil and has been since June 16, 2014.

Note 23:
By June 30, 2014, Rice #15 produced 170 barrels of crude oil since oil began streaming on June 16, 2014.

So what will he probably put out in the next report about revenue from this well?
Some calculation:

1 barrel=90 $
1 day=170 barrels/14 days=12,14285714 barrels/day ==>
88 days of production from June 16th until September 12th ==>88 x 12,14285714 barrels of oil = 1068.5714 barrels of oil
1068.5714 barrels x 90 $ = 96171.428 $ so far

That's about 32785.71 $/month from rice #15 from June 16th on
and still producing.


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