As I said in my first post, ATS presents decent per well NPV's (almost A$10m) at $60/bbl which they are receiving when taking into account their premium to current WTI prices.
They have US$45m in undrawn debt facilities which is enough for another 5 wells which almost doubles existing output given they are only just stimulating wells 5 and 6.
Cashflow from that will go back into cash/loan and allow recycling for future wells.
I don't see obvious flaws, but if anyone wants to try and present some that would be helpful for all of us to make sure we don't have the blinkers on.
The most obvious flaw I see is the chart is shithouse and people are probably selling on technicals
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