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Cajundaddy Cajundaddy is offline
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Join Date: Sep 2010
Location: Southern Idaho
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Oil rights are high risk with potential for high reward. If you could buy it, cap it, and sit on it for 5 years it may provide some nice returns but I would look hard at independent geology reports first. What size are the reserves? For how long? At what delivery rate? $10k seems like a mighty small stake in the oil game so my guess is this well is nearly done, and far in the red operationally at $30/bbl.
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Old 02-23-2016, 02:45 PM
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