# 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.