RE:Saturn's Viking Oil Purchase Metrics Yes , definately worthwhile to review the numbers as the deal is in their Neighborhood. But as you point out, PPR's performance is not as good as the SK Acquisition performance so implied value is probably much less than the 500mil. Would have hoped that this would move the stock a little but since the PPR land package for sale is still on the market, a higher valuation is not likely to be reflected,
energee wrote: Table below from SOIL news release yesterday, $260M light oil production and land purchase.
Using metrics from the SOIL Viking oil purchase, PPR @ (with 65% liquids) @$65K flowing boepd implied value of PPR's 4175 boepd is $271.3M, and 9.1M PDP reserves at $25boe implies $227M reserve value.
PPR has higher OPEX, lower netbacks, warrants O/S, some hedges so not a true comp by any means but shows that valuation metrics are moving up.
SOIL Viking Acquisition | Acquisition Metric | Recycle Ratio2 |
| Production | 4,000 boe/d | $65,000 per boe/d | - |
| Run Rate Cash Flow[6] | $129.5 million | 2.0x | - |
| Reserves7 | | | |
| Proved Developed Producing | 7.1 mmboe | $37.14 per boe | 2.4x |
| Total Proved | 10.4 mmboe | $25.00 per boe | 3.5x |
| Total Proved plus Probable | 13.5 mmboe | $19.26 per boe | 4.6x |