analysis update, page-12

sorry just noted an error in my calcs on rechecking Paterson's numbers and accounting for WI in the well costs
From Paterson's:
"Production to date from the well equates to revenue of ~US$1.8m at US$90/bbl (the average over the period) and US$7.60/mscf (allowing for calorific uplift), of which TXN has a 61.6% NRI."

So I would read this as 61.6% of $1.8M, or $1.1M net in month 1 to TXN

With a WI of 82%, and therefore assumed share of costs at 82%, i will recalc the numbers

82% of $6M = $4.92M assumed well cost to TXN
month 1 net: 1.1M
month 2 net: 550K (decline 50%)
month 3 net: 275K (decline 50%)
month 4 net: 250K (stablising)
month 5-10: around $225K
10 months 3.5M

still leaves payback at around 18-24months...

of course please re-check, I may have made some mistakes. Plenty of assumptions as well including current high oil prices, high (but not unfamiliar) declines

------
DYOR for info only and not investment advice.