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[QUOTE]Originally posted by Earth_Shaker: [QB] From the extent of the field -- approx. 3 miles long and approx. 3/4 mile wide, we can assume a minimum of two million barrels of recoverable oil are still in place. This would mean over $55,000,000.00 of gross oil revenue at today's prices. We can also assume a recovery of approx. two mcf of gas/bbl of oil recovered which would give additional gas reserves of approx. four million mcf. This would mean over $12,000,000.00 of gross gas revenue at today's prices." Adjusted for oil and gas prices as of October 2004, this would mean $84,000,000.00 of gross oil revenue and $20,000,000.00 of gross gas revenue. LIGHT SWEET PROFITS $$$ [/QB][/QUOTE]
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