Well cost of $6-7M, if they trundle along at $250K per month, payback could be another 8-12 months away, so a payback in 1.5-2 years? Please tell me how you got 10 months?
Another 8 wells, could mean 8 x $6M = $54M and raises the interesting question, do TXN have the capital and income to cover the next 8 wells without a capital raising if these so called "acceptable" declines of 50% were to actually occur?
----- DYOR for info only and not investment advice
TXN Price at posting:
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