So basically to match NPV they need $57 WTI if current premium persists.
From their sensitivity it looks like $10 change in WTI is US$3.4m change in NPV (i.e $340k per $1 increment).
So we could possibly be as much as $6 under if we took say $54 + $4. Which would drop NPV per well to c. $4.3m ($5.3 if they make the $1m/well capex savings) which makes quite a difference.
Few moving parts to watch with oil obviously being the biggest one.
OPEC managing that for now though to keep it in the range they want. We have middle eastern tensions, EM's look like trying to break out, USD possibly wants to break down. A few things in our favour IMO but they can all easily swing the other way too
ATS Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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