Ann: Commercial Oil Production commences in Colorado, page-27

"Be real now with $11 Field Operating Margin all you have is $360K AND YOU HAVEN'T PAID any G&A expense - but lets just for grins say employees work for free. Looks to me like 70% of Capex has been returned in just shy of 3yrs time."

How so you come up with 70% payment of CAPEX in 3 years cmonaussie?
using your IP24H 86bopd curve giving 32,775 gallons (in 1000 days) * $29 ( $40 a bbl less your $11 lifting cost ) = $950K net back after 1000 days on a $500k well development cost which would closely correspond with the AKK payback of around 1 year (127 IRR) .