RE:IBR's deal: C$2,700/Montney acre, C$58K/boepd, C$5.20/boe
The metrics of the the IBR / Velvet takeover.
IBR detremined that Velvet bid put a value of $1,300 per acre on their Montney land This information in my post was directly taken from IBR own news release of July 31, 2018
"Recent comparable Montney land transactions imply a value of approximately $3,500 per acre, almost three times the $1,300 per acre land value implied by Velvet’s offer for Iron Bridge’s 49,600 net acre position.
The above numbers were calculated on the basis of the .75c offer. The increased final offer of .845c represented an approx 13% increase. This would equate to a valuation of approx $1,500 per acre.