Ann: Lightning Exploration Well Commences Drilling, page-2

At the Mean (Best Estimate)

F&D = $4.97M/1.3MmBoe = $3.82/BoE+ a little for tanks and gas gathering line to tie into main pipe.

21% oil

so the BOE/BO $value is  {[($55 WTI) x 21]+ [(6 x $3 HH) x 79]}/100 = ~$25.77BoE on an adjusted basis. Compared to SM71 BoE (close to 85%) of ~ $49.45 (using the same metric).

At that price index it will take $4.97M/$25.77/BoE = 192,860 BoEs (15% of our share @NRI) to pay for CapEx (need to make a time adjustment).

No idea on expected flow rate ... 10 Year EUR? so maybe a 1 year CapEx payback???

Check the math ... done quickly.

Did I miss something in a prior post which contain a pic from BYE that referenced "Averaged realized price for oil, adjusted for transportation, processing fees and uplift ~= (WTI - US$3.30)".  Don't they realize they get LLS?

Only money.