RE:The Way Ahead?A few more details. GLTA
I gather you recommend to continue to hold onto SDE as a bet on management. What are the assets, production, cash flow, P/E etc. and how much value do you put on the Logan warrants?
More info will be forthcoming in the circular so some of this data is not available yet. Logan will have $104M cash and 4,500 b/d of production, with 55,000 acres. SDE will have 40,000 b/d of liquids-rich production. The Logan warrant has a five year term, and with the financing at $0.35, speculators will like these warrants. The price range at this point is anyone's guess, and we would like to wait for the circular on this.