Little T my broker follows this one very closely and has been telling me for a while the SM70 lease in particular has very high margins and said it may even cost under $10 a barrel to get it out of the ground. Even at today's price $40 or thereabouts profit a barrel is big $$ if there is 5 or 10 million barrels
Ann: Byron Contracts Rig for SM 71 No 1 Well, page-5
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