RE:Casimir Capital had 15 cent target on first FV drillingAccording to Casimir , the three development wells at FV have average 2P reserves of 2.8 Mmboe each.
At current gas/liquids prices of $50+ per boe, gross revenues for the life of each well would be about $140 million.
Remove $30 million for drilling development costs and sustaining capital, and with normal net backs, cash flows would be about $60 million.
Thats a superb IRR for an investment of $30 million to develop and sustain each well
Multiply by 3 and your cash flow profits from the field would be $90 million.
I see no reason why , in any sale, Rpt would not at least get $30 for this asset