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Author Topic: Drilling For Investor Money
Purl Gurl
Member


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Very short article and a challenge for readers.

IPTM - Imperial Petroleum

Recent news reads really good, in part:

"...As a result of the acquisition Imperial
will become the operator of some 146 wells...
and an additional 230 royalty properties...
estimated 280 barrels of oil per day and
1.6 million cubic feet of gas per day."

Read data presented here and decide if
Imperial made a good investment, more
specifically, data on oil and gas flow
over a period of two years:
http://www.sec.gov/Archives/edgar/data/355356/000035535604000005/hillside3.txt


I am not suggesting you buy IPTM stock,
be sure you understand this. My article
is to help those new to investing to
learn this difference between company
sponsored news, and reality.

* back to reviewing SEC filings *

Purl Gurl

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OilMan
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Just to help with figuring income on this, the oil is worth approx $3 Million a year to them and the Natural gas an additional $3 million a year. This is significant being that the wells are existing and will not require drilling which would cost $300K+ per well. Odds are they will rework these wells which increases production on an average of 50%. I will for sure take a look into this on and try to see what other holdings they have listed with the railroad commission.
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Purl Gurl
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My concern, Oilman, and I what I hope others
will notice, is those wells are displaying
decreasing oil and gas flow. If this decrease
in flow continues at current rates, knowing
flow and pressure exhibit a classic factorial
relationship, won't be long those wells will
be dry.

There are a number of explanations for this
and I would certainly ask IPTM why production
is decreasing on those wells.

My concern is IPTM taunts these new wells,
writes news in such a way to impress. They
do not allude to decreasing production.


Purl Gurl

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