Revenues for month of April 2013-What we might be
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Revenues for month of April 2013-What we might be looking at.
Assumptions:
1) Assets and equipment remain at current levels as previously reported by TECO
2) Barrel of WTI brings $75/bbl
3) Mcfe of natural gas brings $2.80 per unit
4) Current drilling plans are kept on schedules as previously reported
5) Conservative viewpoint taken on existing wells
6) This is only my viewpoint and calculations
Well name Bopd Gas Prod. x value/day x days/mo = Revenue/mo
McComas A 18bopd 0 $1350 x 30 $40,500
Lakeshore 5.5bopd 0 $412..50 x 30 $12,375
Madeley F 12bopd - $900 x30 $27,000
Madeley F - 500mcfe $1,400 x30 $42,000
Assumption of future production on company wells put in production over next 4 months
McComas 3B 18bopd 0 $1350 x30 $40,500
Sabine Parrish
50 Wells 120bopd total prod. $9000 x30 $270,000
Wooldridge lease
12 shallow wells 50bopd 0 $3,750 x30 $112,500
Belize
San Juan #1 25bopd 0 $1875 x30 $56,250
San Juan #2 25bopd 0 $1875 x30 $56,250
Not willing to include San Juan 3 or 4 till later date.
Total April revenue for April 2013 in my opinion could exceed $650,000 for the month.
Open to corrections, comments on this post. Thanks to all those that add oil/gas exploration education to the rest of us.
Tom D. 2.4mil
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