Oil price break even, page-4

Don't know break even but I make the following observations:

- presentations indicate AOK type curve has better IRR and NPV10 (for $ invested) than SEA and LNR. SEA and LNR are active in the Eagle Ford which are one of the better plays on average ($55-65 break even)
- BBY conference presentation indicates AOK wells are actually 20% better than their type curve on average
- ML play is one of the less economic plays on average so a downturn will likely translate to price competition amongst drilling service companies. This will further assist AOK.