Post by
stockfy on Dec 10, 2018 4:24am
PetroExplorer, facts about PSH's deal in ND & ZAR's ND asset
PetroExplorer 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.
Comment by
RollinInDough on Mar 15, 2019 4:33pm
petro explorer makes me, this is the same dimwit that owned and pumped TBE as it went under... then the dolt laughed at NWX as running out of reserves when it just has seen the operator Beach Energy say they have added 100% more in that permit... now this silly loser is givng advice on this rottenn egg? I mean the poster is so dumb, I got to laugh...