“It will cost the partnership about $300,000 to drill, frack, complete and test each well. IF and that's a giant IF, each well comes in about 50 BOEPD will mean it costs the partnership about $6000 to add a flowing barrel that is worth between $50,000 and $60,000 in the region. So we now go up to a 725% to 900% ROI. You don't even want to work the numbers out on 400 wells at 50 BOEPD at $60,000 per flowing BOEPD because the batteries on your calculator will blow up.”
Molori Energy - Funded and Ready to Commence Drilling, July 20, 2017 - CEO Joel Dumaresq Breaks Down The News
The RBL is like adding accelerant to a fire – as you drill and discover additional oil and reserves, the RBL offers up additional inexpensive capital to drill additional wells to add even more reserves. Best of all the RBL acts as a replacement for equity which typically is more expensive and dilutive, truly this is the way to build a substantial oil and gas company.
Molori Energy: How to Successfully Manage an Energy Bear Market
Read more at http://www.stockhouse.com/opinion/interviews/2017/07/17/molori-energy-how-to-successfully-manage-an-energy-bear-market#EtUGhlt1JS92MYIl.99
Molori Energy Inc CEO Joel Dumaresq sat down with Stockhouse Publishing on Wednesday, July 12th to provide an update. In the Podcast Dumaresq updates on the Company`s upcoming Red Cave drill program, addresses the delay in that program and reiterates the Company`s compelling metrics on the Red Cave formation. Dumaresq also discussed Molori`s rolling hedge strategy further to the Company`s news release of June 21st and wraps up his discussion answering Stockhouse`s question ``Why Should Investors be Excited About Molori? ``
Please select the link to the Podcast http://www.stockhouse.com/. The Podcast is also available through Stockhouse’s podcast forums http://stockhouse.podbean.com/
I urge you to listen to this very informative Podcast – hear the Molori update and opportunity directly from Management Joel Dumaresq. Please do not hesitate to contact me directly via email at email@example.com or 604-617-5290.
Director of Communications