Payback Time on Cheal E-6?What's the payback time and net present value on a well like Cheal E-6? Even with Brent in the 60's they should have netbacks of $35+ on a well like that. Assume 2015 production averages 250 boepd since it's likely to drop a bit from the IP rate. The well cost about $3 mil to drill and complete. Payback given the above is about 1 year. At current prices the well is probably worth over $10 mil based on expected production for the life of the well and it cost $3 mil. That's how I estimate it anyway. Would love to hear from Weeble and others if they agree with the above estimates.