Medelm
Putting the two wells together (including your assumptions on DL3) should provide a cash flow of, say, about nett $4m pa ( DL2 was last flowing about 300 bblo/day).
So, if they can additionally develop the 'M" interval oil in DL3 (jumping the gun a bit) then we should be looking at about $6m pa, and a self funding company.
Comments anyone?
sonlite report, page-17
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