daddy bill's Page
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"Skip, I am late to the party. I had not read your recent post of the recent article renewing the acquisition. I have royalty with both TGNR and Rockcliff and there is no comparison,Rockcliff's post production charges are very…"
"Skip, unless you have recent information on TGNR acquiring Rockcliff the original proposed acquisition has been dead for over a year due to low gas prices."
"How about $1.22 paid by Sabine Oil & Gas in Panola County, Tx for April gas. They are obviously deducting post production costs, but this is ridiculous. They then still deduct a small compression and of course the severance tax."
"Well dbob spoiled my fun. Remember in my first post I said the key was mcf not cubic feet and told you to figure it out. You were so busy educating me that you never stopped to think you were espousing ridiculous numbers that were inflated by a…"
"Skip okay let's cut it by i/3 for post production costs, the royalty per acre is only 1,302,000 dollars per acre. Is this realistic?"
"Skip I will try a different tact. Assume the gross price per mcf is 2.00. The royalty owners are assumed to receive 25 percent or fifty cents per mcf. This is 5 times your half a billion dollars for 10 cents profit. the royalty owners would…"
"Skip your numbers seem a little high. At 10 cents profit per mcf to make a half billion dollars on 4 wells just think what a company could make if the price goes up and you make 50 cents per mcf. The key word is per mcf not cubic feet. Figure…"
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- At 5:08 on April 15, 2009,
daddy bill said…
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