Assume the below data were available to the management of contractors group company in this agreement: $900,000
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Question:
Assume the below data were available to the management of contractors’ group company in this agreement:
$900,000 | Property cost & Drilling cost |
$160,000 | Completion cost |
$ 19 | Lifting cost per bbl. |
12% | Royalty interest |
$69 | Selling price per bbl. |
2,000 bbl. per month | Production |
Would an investment made in this property have been successful (commercially) assuming management or the investor a 48 -month payout?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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