It is my understanding that we only cut 28% deals
Post# of 39368
Posted On: 06/13/2013 3:21:07 PM
Re: dandaman53 #15576
It is my understanding that we only cut 28% deals on the first few wells, let's say on the first 100bpd. If true, each deal should get progressively sweeter, for example:
100bbl*.28 + 100bbl*.4 + 100bbl*.8 + 100bbl*1) *$100 = $24,800 * 365 = $9,052,000 !!
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