GREY:ZARFF - Post by User
Post by
stockfyon Dec 10, 2018 4:24am
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Post# 29090277
PetroExplorer, facts about PSH's deal in ND & ZAR's ND asset
PetroExplorer, facts about PSH's deal in ND & ZAR's ND assetPetroExplorer alias, no matter how many times you write the word FALSE, these are the facts about ZAR's assets in North Dakota, according to the presentation:
https://zargon.ca/wp-content/uploads/2018/11/Zargon-Corporate-Presentation-November-21-2018r7.pdf
You can keep saying the word FALSE for another 1,000,000 times but the facts are shown in the presentation above.
ZAR's North Dakota asset produces 400 boepd, has 6% decline rate and has from 5 to 20 drilling locations, according to the presentation above, slide 9.
PSH just paid for its North Dakota C$100,000/boepd for a small asset of 1,900 net acres with 19 drilling locations and a very high decline rate.
PSH's acquired asset declines 30% in the first year and 20% in the second year, read the facts below:
https://globenewswire.com/news-release/2018/07/12/1536514/0/en/PetroShale-Announces-Strategic-Acquisition-40-Million-Bought-Deal-Financing-Concurrent-Private-Placement-and-Operations-Update.html
So I'm saying that ZAR could receive about HALF of the price PSH paid.
Again, HALF. Did you get it? HALF.
This means about US$50,000 per boepd or about CAD$65,000 per boepd.
I discount it a lot but it seems you did not notice it.
You can keep writing your novels now.