Sparky payouts? Maybe the paid pumpers on this SH board can tell us how long it now takes for a new well drilled on the Sparky asset to payout? As can be clearly seen from the actual Surge NR, WCS was only $69.46 Can. a barrel for Q1!
On slide 13 of the new Corporate Presentation, the payout looks to be around 15 months, based upon $75 WTI.
But in the advisory section under drilling inventory of the NR, Surge references the following payouts, which actually have no relevance to the present price of WTI!
The average production profile from the initial 2023, 10 net SPKY well program was 127 bbl/d vs Surge's internal average Sparky type curve profile of 107 bbl/d (IP30) and 120 mboe (108 mbbl Oil + 3 mbbl NGL's) Estimated Ultimate Recoverable reserves per well, has a payout of 9 months @ US$80/bbl WTI (C$88/bbl WCS).
Kherson