Post by
elgaveeno on Jun 22, 2015 4:48pm
Purchase Breakdown
25 wells. 24 shut -in. 1-2 more could be turned back on. $3.6M of abandonment liability - on or around First Nations lands.
Bought 79,000 BOE of PDP. "Paid" $1,554M by issuance of Class C stock (current value at today's stock price: $150,000). The $1.554M was the BTAX NPV10% of the 79,000 BOE.
They bought 146,000 BOE of PUD and PDNP by assuming the $3.6M worth of existing well liability.
They bought 1,063,000 BOE of Probable reserves, which they paid nothing for.
They paid ($3.6M+$0.15M)/ 226,000 = $16.59 per BOE of PDP/PUD/PDNP reserves.
They paid ($3.6M+$0.15M)/20 BOE/d = $187,500 per BOE *
* Pavillion states in the SAYER overview that the shut-in 87 BOE is not economic.
Comment by
mickina on Jun 22, 2015 10:42pm
Your posts are on electronics which is good. If it would be on paper it would not be worth the costs of the paper you write it on.