These three wells are budgeted at $15.25 million.
The cash flows from these three wells , at $4.50 strip pricing, is expected to payout in approximately four to five months and add more than $1.6-million of cash flow from operating activities in 2022 after payout;
Thats total csash flows of $16.85 million over a period of 5 months which amounts to average cash flows of about $3.35 million per month, starting in April.
Add $2.80 MMcf to those numbers and those three horiz Gwinville wells are going to throw off about $25 million US in cash flows over that same 5 month period .
Very quick cost payoff while adding $9-$10 million in cash to the balance sheet