1st birch well = 1066 boe/d per hk preso

OK - HK have done a William the Conqueror IP by drilling with the accuracy of an arrow straight into Harold's eye.

The preso mentions 800' spacings - I am not all that technical but Wolfram Alpha states that an area 800' by the lateral length of 8000' equates to 147 acres, so does this seem reasonable to others?

5000 acres/147 = 34 wells (say net 10 wells to AKK @ 30%)

10 wells * EUR of 300,000 (conservative, preso mentions 452K) = 3 million bbls to AKK

3mm bbls * $100 = $300 million dollars revenue

Surely debt financing must be possible to cover AKK's share of the drilling costs?