Ann: Commercial Oil Production commences in Colorado, page-100

"I currently trade in IOG - AKK's direct neighbour. IOG predominately focuses on well work overs and reclamations. They have a cost per well of $35k and they are getting high amounts of gas per well ($100k per month). They have a circa 83% net profit with well pay back time of under a month. Do the maths - its damn amazing."

Think those workovers by IOG are about 1000 miles in Northern Wyoming at Silver Tip not in acreage next door to AKK so the math does not work if using that example . IOG did try some re-completions a few years back next door at Florence but if you look at the well output charts IOG have Florence was not successful for them .
Hopefully AKK's wells will be successful though .