Firstly, the 154 wells in Hawks Springs is acreages quote. I've used 20 prospects in the past.
Secondly, you chose $50 oil in your equation. Try $60 oil.
The $10 difference alone, should generate an extra $5.5 million in profit for the life of a well......or an extra $847 million in profit for 154 wells, imo.
Would you be kind enough to recalculate at $70 oil, just for the exercise.
Appreciate you effort and thanks in advance
SSN Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
