RE: RE: Sold to Bonavista Corrections:
It is 8700boe current prodn being sold
it is 25% oil and liquids in the remaining 4500boe but the oper netback improves from about $13.25 to $15.50 post transaction, presumably elimination of interest costs per boe and better margin on less gas.
Will have to wait for the market to respond as I see 20cent or so cfps post transactions which might make pre-halt level a little high..or maybe there will be relief that bal sheet has been repaired, they might have quick success in Cadmium play, and the shut-in gas might be bought back on earlier even at prevailing prices...remember last qtr's aver natgas price received was $2.02 (and oil price has presumably improved from last qtr.) GLA.