We ran various scenarios for a sensitivity analysis, and here are the results: • Breakeven well cost for IRR of 10% is $5.2 million. • Breakeven realized commodity price for IRR of 10% is $45.35 per BOE. • Minimum EUR, based on our decline curve, for an IRR of 10% is 141 MBOE, assuming an initial production rate of 164 BOEPD. • The company has estimated two workovers during the life of the wells costing $100,000 each.
SSN Price at posting:
5.1¢ Sentiment: None Disclosure: Held