Ann: White Hat 21-1 Well Commercial Oil Production, page-3

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peter from WEL was also involved in finding AUT eagleford ground that was sold a bit over a year ago for over $2b . a few of us that backed him in AUT have backed him in WEL .if they can get similar results to the white hat well on the next 4 wells, which they believe they can, this could get very big .with well costs about $900k, half for drilling & casing & the other half for infrastructure that can be re-used, well payback should only take 4 to 5 months @ $50 a barrel, not even the very best shale players can get close to this . I believe oil will get back to $60 to $70 a barrel & with WEL holding a large acreage, this is starting to look pretty good.