Flowing oil well makes 40 bls oil per day & 250 mcfd of gas
Plug back total depth is 10,550
wells have 4.5 casing cemented
producing from the Ericson formation
wells has 10,000 # flanged wellhead
2-3/8 N-80 tubing
The oil has high gravity sweet oil
The total to have well up & flowing into
Well will flow 40 bls oil per day
30 DAYS X 40 bls X $50.00 oil price X .80 net
revenue X.87 taxes net profit $41,760
less operating expenses of $4,000 per month net is $37,760.00
the purchase price is $800,000
net revenue is 80%
There is over 1,680 acres of undrilled lease with this well.
It is a very good investment for all
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