RE:RE:Have you done the payback period on the wells? My math is pretty rough admittedly, but I don't see 4 month payback, especially at wti 85.
assuming wti 100 = $55 netbacks, * 500 (say) bbl/day average, which is reasonably optimistic, 4 months yields $3.3m. The new wells are set to cost $7m (20% more than previous wells, per recent news release).
What am I missing?