"these wells are not going to pay back any time soon..."
what claptrap.
Frances Dilworth No. 2H In Production a. 7 day Initial Production Rate of 525 boepd b. 14 day Initial Production Rate of 464 boepd c. 30 day Initial Production Rate of 387 boepd d. 60 day Initial Production Rate of 305 boepd e. 90 day Initial Production Rate of 260 boepd
If you apply AZZ's 75% share to end of period numbers (conservative & without gas sales @$75 PER BARREL) you get; First 7 days $206,000 Next 7 days $182,700 Next 16 days $348,000 Next 30 days $515,000 Next 30 days $439,000
Gives you $1.6 million in the first 90 days Lets say the next 270 days only averages 125 bopd AZZ share.
An extra $2.5m - gives $4 million for the year (excluding gas)
They will produce for another 19 years after that.
Not commercial? Get your calculator out and post on facts.
AZZ Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
