And for comparison purpose - lets look at the Rainbow project...

And for comparison purpose - lets look at the Rainbow project but now use:
1. D&C cost of $5M (ought to be reflective of the reduced price environment)
2. PP&E of $0.5M and $0 for land and seismic
3. Use the 440MBOE EUR (and err of the high side and give 100% oil even though it will be +/-85%)
4. Use more SSN like costs - for instance assume 1,500 boepd as production (which is approx H2/16 from SSN projections) and thus G&A/BBl becomes $1.4M/135MBO
5. Likewise for LOE (8% tax + $6) and finance charge
6. Sales price of WTI less $10 (Bakken discount) - which was TB's illustration of breakeven.

Shows the sensitivity pretty clearly