RE:Peters presentation Ricochet sure fits the profile of a 10,000 BOE producer profile.
I wonder if Ricochet drilling sucess since buying that land will make a deal more tricky if was mutual interest.
I ran Ricochet numbers and while I can't tell JV percentage I got 7800 on oil per day and 3300 on NG...so even if they had 10-15% to give away on JV still easily over 10,000 BOE a day company.
I thought ARC sold the assets to Ricochet at 6k boe day range. Ricochet must have reactivated some wells and they have drilled really strong, prob the best in 2022 and 2023 in Cardium.
Rico top 14 oil wells are producing 2200 barrels of oil total per day in August if add those wells up. 2200*120 cad* 31 days =8m plus in revenue for August. Sweet spot for shale growth. When top 10 wells can produce enough CF to fund next 3 well pad.
I cant tell much Rico increased by ARC assets as well reactivations but I would say 3k boe easy.
Ricochet team is very smart. Wells they have are holding at 200 plus at month 4, incredible.
Ricochet fits the bill of being oily wieghted but hard to tell on drilling location stength. Seems strong as ARC really didnt focus on the cardlum for many years.
For funsake, it would be hard to even peg what ricochet is worth. They have so much flush production from thier last 14 wellls.
And big question would be how much does drilling potential counter the reclaimation being taken on if any potential deal was to happen.
I thought Arc got 100m for it but commodity prices are different right now.
At least BNE has the montny to explore if prices are high ion M&A front.