Austin’s base case production rates at $40 to $50 p/bbl, with a USD$500k well cost, have an NPV of ~USD$1.5 mil to $1.9mil pay back in less than 7 months.
How can they have a base case without production testing. how they get away with releasing rubbish like this is beyond me. Does the NPV include the ridiculous assumption for production for 20 years. Cant believe you guys lap this stuff up
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