August 6, 2008 MST
Wall Street Resources, Inc. Releases an Analytical Profile on Knight Energy Corp.
LEARN MORE
Knight Energy Corp., through its wholly owned subsidiary Charles Hill Drilling, Inc., controls the Flournoy lease oil & gas property in Stephens County Texas. The lease agreement contains approximately 160 acres. This property includes eight oil and gas wells. Over the last fifty years, the Stephens County area has been very successful in the production of oil and gas. A third party evaluation firm provided Knight Energy Corp. with the following summary.
Net Reserve Summary and PV10 Forecast from September 2006
| Reserve Categories | Oil (MBO) | Gas (MMFC) | Cash Flow ($M) | PV10 ($M) |
|---|---|---|---|---|
| PDNP | 1.8 | 142.8 | 958.7 | 647.8 |
| PUD | - | 127.4 | 458.6 | 200.9 |
| Total Proved | 1.8 | 270.2 | 1,417.3 | 848.7 |
| Total Prob | - | 434.4 | 1,658.3 | 655.7 |
| Total All Categories | 1.8 | 704.6 | 3,075.6 | 1,504.4 |