Laserfiche WebLink
Technical Revision Bond Summary <br />~,. ~ ., <br />'[t<171viCAl#''QEViSlaia`,`a9 - Exhibi *_ 19 <br />The following cost estimates are based on Basin's contract work <br />conducted during the 1992 exploration program. <br />1. Regrade Drill Pads: <br />Total pad disturbance for 3 sites is 19,200 ftz. <br />Regrade using small dozer - $60./hr. <br />Estimated time is 1 hour per 1000 ft2. <br />19.2 hrs x $60./hr ..............................$ 1,152. <br />2. Reseed Drill Pads and New Roads: <br />a) Drill sites......0.45 acres <br />b) New roads........1.29 acres <br />(a + b) = 1.74 acres x $250./acre ..............$ 435. <br />3. Regrade Roads: <br />a) New roads........... 4,050 ft. <br />b) Existing roads.......9,050 ft. <br />• (a + b) = 13,450 ft x 1 hr/500 ft. x $60./hr....$ 1,614. <br />4. Backfill Mudpits: Size = 40' x 8' x 6' <br />a) One pit per site........3 <br />b) Contingency pits....... 2 <br />(a + b) = 5 pits x 4 hrs/pit x $60./hr..........$ 1,200. <br />5. Cementing Cased Holes: <br />Assume worst case bottom to top. <br />Total footage: 2,090 ft. from Table 2. <br />Hole (Casing) diameter: 6 inches ID <br />Number of holes: 3 <br /> <br />a) Cement Grout: (Estimated footage) <br />200 ft. in each hole <br />600 ft x $1.05/ft .............$ 630. <br />b) Abandonment Fluid: (Gel Type) <br />2,090' - 600' = 1,490' <br />1,490' x $0.15/ft .............$ 223.50. <br />c) Drill riq, water truck, & labor: <br />. 18 hrs x $125./hr ..............$2,250. <br /> <br />