Lets put this in PerspectiveQuesterre has 174,124,470 shares which puts their market cap at a shade under $700 million
Talisman has a farm-in agreement on 711,000 shares with Questerre wherein Questerre retains at least a 21.25% interest. Questerre states they have a net interest of 175,572 acres with Talisman.
If Talisman was to purchase Questerre for there market cap today that would work out to $3,967 per net acre.
If Talisman was to purchase Questerre for $8.00 per share the buyout would still be under $8,000 per net acre owned in Talismn's play.
This does not include:
Additional 165,981 net acres in Quebec including Forest Oil Land
Bakken and Alberta projects with $20 million per year of cash flow
British Columbia projects in a hot shale area.
Now lets start slicing and dicing and multiplying. What is Questerre worth to Talisman or Forest Oil?