Spyglass Resources Corp SGLRF

RE:Decline Rates

[qwqw]

"The average Div payer with SGL's production of 15,000 boepd would require
$130 mil of capex to stand still."

That $130 mil would require  $24 CF netbacks.Hard to believe the average
div payer requires CF netbacks that high just to break even.Now add a
$35 mil div and $30 CF netbacks are required.That explains why Spy
($11 netbacks for 2013)  is the only div payer with netbacks under $20 to pay a div.
It also explains why div payers can't afford to risk CF on exploratory wells.
A $35 mil div works out to a basic payout of 21% yet the average payout
is closer to 35% which would require $36 netbacks????????
Something tells me a sustainable div payer with a high yield is a rare breed.
Way too many imposters taking investors for a ride.