RE:Not a Fan of the updateIt may be your position that OBE's Viking wells are more expensive and slower than all of their competitors.
Today's presentation states the Viking wells have a payback of 0.6 years (thats 219 days, or 7 months and 9 days).
In simple terms, it means if they spend a million on a Viking well, that million is back in their bank account just over 7 months later. After that its all free money!
They stated their Viking wells have an internal rate of return of 220%
Which of thier competitors are getting more than 220% IRR from Viking wells?