TXN 0.00% 58.0¢ texon petroleum ltd

Too cloudy atm to consult the stars, coffee cup stains much...

  1. 287 Posts.
    Too cloudy atm to consult the stars, coffee cup stains much better and you get a caffeine hit as well!

    Back of the envelope analysis should see payback of capital in ten months with an ending flow rate of 100boepd. Given a possibility of 50 well sites long term this would mean 5000 boepd production on a 5% decline for 5 to 10 year production.

    Of course this is a lot slower than AUT wells which appear to have paybacks nearer 5- 6 months but it is still a good investment given much smaller number of shares, Olmos production ect.

    cheers Icharus
 
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