RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:huge volumeMultiply total combined reserve by 2 and keep production the same.. then RLI more than 4.
Then you can start comparing to those that have that kind of RLI..
RLI related directly to reserves.
Netbacks.. have changed, as royalty has kicked in on Las Maracas.
Netbacks.. seem to be lower on SRN production, not sure why, perhaps higher fixed costs
flowing through, in addition it would seem oil is of a heavier grade than light oil at Las Maracas.
Im not comparing either company to each other, period.
One always pays a premium to acquire another company, whether you think so or not,
unless someone really needs to sell..not so.. here, at least in my opinion.
I dont see anything really being decided on deal or not being good, great or what have you,
at least for a year... Most of the wells, that are significant have not even been spudded yet, though it may be possible they have tentative spud dates that we dont know..
I see the combination as working out either very good or so so.. no in between... just my thoughts.. Parex has been on a nice move as of late.. we will see how they manage their large acquisition, although, they are familiar with the new blocks, as they are JV partner..Now, I will still be wondering if Parex made an offer on our Las Maracas, that is an answer I would be very interested in...