Good try, but you have to take into account that birch wells have a pretty big decline rate in the first 12 months. A well that will pump 600 bod now, by years end it will most probably pump 250bod. The first three wells akk doesn't get any income until the wells produce about 120,000 barrels for halcon payback, so that's mid to late next yr, for all three, by that time they would be producing about 150 bod, because of the decline rate (so for all three 450 BOD, akk share of 22.5%, that's about 100 BOD). Over time these wells wont decline that quick and should be a good little earner for Akk, for no capital cost at all, free cashflow.
Cnomaussie can explain it to you better if you like, he is the gun on decline rates in the eagle ford.
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Good try, but you have to take into account that birch wells...
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