2mm means $16,000 plus 80 bbls means another $8,000. total...

2mm means $16,000 plus 80 bbls means another $8,000. total $24,000 a day or $8.76 million pa. assuming all was within budget, we have a 2 year payback assuming no decline. If there's a 25% pa decline rate, as is typical for nano Darcy perms, 2.5 years until payback. [end 2016].
this indicates profitability. if produces beyond that date, then profit on a 100% basis would be $4 million approx. another 3 years [END 2019] to earn next well drill cost. A CR is therefore inevitable in order to capture the momentum. for $6 million, there needs to a dilution of about 30 million shares at 20c each.