|
|
 |
- Producing formation-
Dakota Sand (4,400 feet)
- Purchased operated, 100% working interest in 3 wells.
- Workover activities initiated 12/97
- Oil production increased 35 percent
- Lease operating costs have been reduced by 50%
- Plans to re-enter or drill more wells
|
| |
|
Total Cost: |
$149,000 |
| Cash Flow: |
$185,000 |
| Future Cash Flows: |
$750,000 |
| Total Cash Flows: |
$935,000 |
|
|
| Payout Multiple: |
6.3 |
|
