crucial fact, page-9

Sharks - great work on those charts
Paul - I see your point also

I probably sit in the middle - agree shut in wells are better than wells ending but I also agree they the cost of a workover or development drilling means that the cumulative prod numbers have hidden OPEX costs that need to be considered. This is why one finds that many oilers in this space work hard to increase production ever so slowly and cash grows even slower if it grows at all . It means a increase duster ratio or a fall in oil price and many months of forward progress can be unwound . My view assess the company under some conservative assumptions . Ev 80 dollar poo, higher development expenses etc and if it stacks up then buy. In mads case I feel like its prod profile growth is quick enough to justify any unforeseen negatives and despite the potential oil , if you can't get it out with robust margins now with this oil price , then the risks are too high