your math is wrong- first as far as hedging..they can olny hedge 60% max of production and it wont be at 95 b/c their oil gets a discount to wti in the $10-15 range...second while i was kinda with you until the 1426 of total light/heavy oil...the 2 new wells combined will only do 100 boe/d of light oil...and well you factor existing well declines your looking at 1480 mac combined although wti has moved up that doesnt mean heavy oil will get $80 a barrell..when their light oil is barely getting $80..if you pricing cash flow on 1726 bo/d at $80..your in for a sad if fact you may have done their estimates last j/k