Fishing Fishing Cold COLd COLd

$1000

$1000

$1000

$1000

0

0

0

0

O

4

24

10

13

20

8

48

20

27

40

10

60

25

33

90

12

72

30

40

15

90 <==

38

90 <==

BREAK-EVEN

18

108

45

2D

120

90

Formula for direct fishing costs is $ = 6,000 * days fishing Formula for recovery @ 1 collar/day is $ = 1 * 2,500 * days fishing Formula for recovery @ 3/2 collar/day is $ = 3/2 * 2,500 * days fishing Formula for recovery @ 2 collar/day is $ = 2 * 2,500 * days fishing

Note that on the last day when all of the collars have been removed that the hole will have been regained and the sidetrack eliminated; thus $40,000 will have been recovered over the alternative of sidetracking.

BREAK-EVEN FISHING CHAR'

$ SPENT FISHING

10OO'S DOLLARS

$ SPENT FISHING

10 15 20

10 15 20

DAYS FISHING

The chart shows the money spent and money recovered for each day of fishing. Recovering 3/2 collars per day on the average exactly breaks evens with sidetracking while recovering 1 collar per day produces a net loss. Recovering 2 collars per day gives a net gain. Thus if it is anticipated that more than 3/2 collars can be recovered per day and all of the collars can be successfully fished, then fishing should be attempted.

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