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R15, your welcome, it's all about the numbers for me but I'll turn you into an accountant one day!! News is cheap, cash is king imo. I've been having fun with the new laptop and excel and this is my summary of info from the recent quarterly and the prodn stuff from the GGP report. Also added the EV calc. As always it is just my interpretation and I may have missed something. The boed is calculated using average price for the quarter. March/June assumes consistency and no change to current prodn or SP but uses fwd price for boed calc. Hope that makes sense.

There is also a good link in the last thread on TTE forum also talking about payback etc. Fits in nicely with this discussion imo. This link below is for a rainy day, when you post a financial I will give you a diploma!

http://www.mergersandinquisitions.com/oil-gas-modeling-101/

Some other stuff for the longer term which gives some research leads if you get bored with the numbers.

http://saratogaresources.com/wp-content/uploads/2014/02/Treasures-of-the-T-Zone-for-SARA-Website.pdf

All my opinion, DYOR and shared for discussion only,
Cheers