AXT
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0.00% 1.4¢ argo exploration limited

Using $40 oil & $2.50 for nat gas, a 2,300 boe well (10 MMCFGD &...

  1. Last of the Mohicans
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    14/01/16
    10:23
    Post #: 16793151
    Using $40 oil & $2.50 for nat gas, a 2,300 boe well (10 MMCFGD & 650 BOPD) should reach payback in 5 months.

    It should also make an undiscounted $36M during its lifetime for its owners, of which $18M would be PANR's share. Very nice indeed. With 25% of total revenue coming in year 1.

    LOTM
    AXT Price at posting: 9.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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