sorry just noted an error in my calcs on rechecking Paterson's...

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.