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Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies
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To: ddl who wrote (290)3/17/2000 2:07:00 PM
From: William G. Murray  Read Replies (1) of 318
 
APO - After Payout refers to recovery of the expenses for a project.

To drill & complete the Silicon Investor Well No. 1 costs $1,200,000.

APO occurs when the well's income net of additional operating expenses exceeds the $1,200,000 cost to drill and complete the well.

Terms of the Joint Operating Agreement (agreement between working interest owners in the well) occasionally uses the APO value to trigger changes of ownership in a well.

Hope this helps.

B.M.
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