RE:RE:RE:RE:RE:RE:RE:RE:Post BidI see value in rock stock. I'm planning to add more at .60 as Mustang said. I believe that could be bottom for this. I just read spartan acquired a company in Saskatchewan for 77m plus assumption of debt of 38m. The company (Wyatt oil & gast)
Acquisition Summary
| Purchase Price | $77 million |
| Current Production(1) | 1,330 boe/d (76% oil and NGLs) |
| Proved Reserves(2) | 8,847 Mboe |
| Proved Reserves NPV10(2) | $131.3 million |
| Proved plus Probable Reserves(2) | 14,629 Mboe |
| Proved plus Probable Reserves NPV10(2) | $223.2 million |
| 12 Month Cash Flow(3) | $11.3 million |
| Total Land | ~29,500 net acres |
| Total Drilling Locations | 177 (162 net) locations |
Reminds me a lot of the mantario assets.
As for frontfour and Franklin i believe their average is in the 2.50+ i i doubt they would sell now knowing a deal might be in the making.
Cheers,