RE:RE:RE:RE:RE:RE:Are the Oxbow area assets any good?Sorry ARO was $220MM not $250.
So if they ever try to vend this it goes:
1)ARO
2)SECURED DEBT
3) UNSECURED SHAREHOLDER
Is the company worth more than the estimated ARO+ outstanding/issued debt?
ARO= $220M
Prudential Debt $20 M
New Debt $87M
Total $327M for a company making 6700 boed/d + 400 boed? = 7100 BOE/D
About $46k per flowing BOE....