Post by
Glider49er on Nov 05, 2020 9:31am
Jupiter and Modern Resources asset base...
Does anyone know if NVA assets are close to/higher quality vs. these two TOU take outs?
Comment by
jspaceman on Nov 05, 2020 12:50pm
jupiter and modern target different formations. nva targets the montney. the assets are close geographically to nva but nva wells have different operating and capital costs.
Comment by
LNGStrong on Nov 05, 2020 1:49pm
agreed. Structurally Jupiter and Modern production much more like PPony and as such received a very similar gassy offer in the $10k/boe metric. NVA production in the Montney fairway of liquids rich production is like Kelt's Inga/Fireweed asset valued at $35k/boe. split it in the middle and somewhere in the $20-25k is reasonable.
Comment by
jspaceman on Nov 05, 2020 2:48pm
true. also jupiter and modern owners basically threw in the towel. they saw no way out of their predicaments and no chance to go public any time soon. they saw the writing on the wall. the natural buyer was tourmaline who just happened to have money. consolidation needs to continue.