I like the analysis, but I think beta well numbers are very understated! Decline rate is probably more like 4-6% after year 1, so I think 500 bpd, 400 bpd, and then a 4-6% annual decline rate.
They can also probably drill 4-8 per year at minimum!
Agree, as noted in the article, my assumptions are likely too conservative. With more optimistic assumptions (e.g., 8 wells), they could generate close to the company's entire EV during the first 5 years of these wells.
I like the analysis, but I think beta well numbers are very understated! Decline rate is probably more like 4-6% after year 1, so I think 500 bpd, 400 bpd, and then a 4-6% annual decline rate.
They can also probably drill 4-8 per year at minimum!
Agree, as noted in the article, my assumptions are likely too conservative. With more optimistic assumptions (e.g., 8 wells), they could generate close to the company's entire EV during the first 5 years of these wells.
Yes! Huge opp - we are aggressive buyers at this price
Thoughts on the transaction with Juniper? Thanks