RE: The data Hello notwrong,
If you assume that all the Spartan lands are proven/probable, then your facts are pretty correct.
At even an 8% recovery rate, Bonterra is getting a smokin' deal on Spartan. It is accretive, and judging by the recent move upwards in the stock price, it is helping them already.
I too hope that we get a third offer, or that somehow, Bonterra in its wisdom comes up with an increase in their offer to fend off any third parties.
At $91-92 WTI (current price) my vote is NO, unless the takeout price is at $6 the day I vote. The deal can die as far as I am concerned, and Rick and company can get back to work, add capacity to their battery and keep drilling.
If WTI is $83-85 the day I vote, then $5.50 is good enough.
Not a nickel less on either of these metrics for me.
L6