|
|
 |
- Producing formation - Austin Chalk (9,000 feet)
- Well workover program initiated 4/98
- Gas production up 12%
- Oil production up 20%
- Production increases, operating cost reductions expected to boost PV-10
- Evaluation horizontal drilling opportunities
|
|
|
Total Cost: |
$223,000 |
| Cash Flow: |
$12,000 |
| Future Cash Flows: |
$320,000 |
| Total Cash Flows: |
$332,000 |
|
|
| Payout Multiple: |
1.5 |
|
