| An estimate of 300 barrels per day to 2500 barrels per day per well could be expected for this prospect. As many as 100+ wells could be drilled. After consulting with drilling companies and getting a price for leasing the necessary property, the cost to drill two test wells on the Star Prospect would be $3,300,000. A cost analysis based on 300 barrels per day per well would render an investor of $50,000 a return on investment of 22.6, and a payout of 2.5 months. |
|
A cost analysis based on 300 barrels per day per well would render an investor of $50,000 a return on investment of 22.6, and a payout of 2.5 months.
An interested investor should contact Ray Stewart for more information on this project at ray.stewart@earthlink.net This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call him at (661)397-6611. |
|
| Is a method that uses the principles of seismology to estimate the properties of the Earth's subsurface from reflected seismic waves. The method requires a controlled seismic source of energy, such as dynamite/Tovex, a specialized air gun or a seismic vibrator, commonly known by the trademark name Vibroseis. By noting the time it takes for a reflection to arrive at a receiver, it is possible to estimate the depth of the feature that generated the reflection. |
|
Please contact:
Ray Stewart
661.397.6611
ray.stewart@earthlink.net
|
|
 |
