Payback on Steelman wells paid out in less than 5 weeks!From the financials:
The average 30 day initial production rates from Surge's latest three Steelman Frobisher wells is over 550 boepd (90% light oil) per well, versus an internal type curve expectation of 250 boepd(2) . Each of these three Steelman wells paid out in less than five weeks(2) (at US$85 WTI(3) ), demonstrating the top-tier economics associated with Surge's large eight year SE Saskatchewan drilling inventory(3) .