I've done my bit with a buy of 2m last week .... honestly would...

I've done my bit with a buy of 2m last week .... honestly would be crazy not to buy at these prices...did not factor in the 32.8% higher-than-expected initial production rates of Jewell Well. net present value is at least (4.8X) current. using break-even cost (US$29 - US$43/barrel) base case of 1,300 BOEPD for each well under the 5-year, 20+ well program assuming similar production rates of the nearby wells, CAPEX of US$8M, and average prices of US$70/bbl of oil (WTI) and US$5/MMBtu of gas. For instance, Jewell Well is expecting a payback period of 14 months with a rate of return (ROR) of 82% using an estimated 1 st year production of 324,000 BOE and oil prices in its mid-US$ 60 levels. we can expect a much faster payback and ROR now given the higher-than-estimated IP rates and higher O&G prices.