Thank you. Further to these production rates, the following...

Thank you.

Further to these production rates, the following slide is also very informative (From Altura, Leduc area in the same UM Rex sands).

This is for Hz multi-stage frac wells in the same area, with much lower initial flow rates. If we are starting at 1000BOE/D then the economics will look amazing even allowing for the decline we all know will be there. IRR of 75% looks pretty good to me, and this is for a well with initial flow of 270BOE/D only.

Augurs well for WBE's IRR once we have more data... early days though. EUR will be the key, and if we can get close to ~1000 x initial daily flow as below we will be laughing. The reward should be there for those prepared to take the risk IMO.

Source:
http://www.searchanddiscovery.com/documents/2018/110229pinckston/ndx_pinckston.pdf