shakeout & what we have to look forward to, page-47

Most of what we are discussing is related to the economics of the wells. If these Hories or verts do live up to there EUR's then well payout is not the issue its more a time issue or the IRR.

A Well with a 400Mboe EUR and a nett back of $40 will earn $16 mill over the life of the well, of course you can add a lot of variable especially in terms of oil price over 20 plus years.

Obviously the quicker they payout the better the return but well payout fullstop is very important and I don't see major problem there.

Cheers Whisky