Ann: AKK completes $1.65m Placement to Advance Pathfinder Project-AKK.AX, page-31

Plough,
$60 WTI - 15% (Rocky discount) is $51 (as Guys $7 was based in current $44 WTI)
$51 x .75 (NRI) = $38.25 gross per barrel.

- Lifting $3 yes
- Transport (trucks)
I'll work off $34 Gross

Payback on just D&C = 14705 barrels
- G&A $500k pa for each 3 wells pa. = 14705 barrels

29410 barrels to truly breakeven on wells with a mid point EUR (Over lifetime of 56k)

Now, couple more things to consider

Cost of capital in 2017? (Sustaining Capex vs declines)
Decline rates
Any dusters or completion, flowback issues not considered. ie 3 wells/ 1 dud + 50% capex on other 2 wells.
Production days, use around 330, with workovers/ maintenance.

( btw not "Brent" use WTI with discount)