Caza Oil & Gas Inc. CAZFF

Re: Eagle Energy sells Permian for $130,000/boepd

[Miner1967]

Eagle Energy sold its Permian assets today for $140 million.

 

Eagle Energy produced 1,070 boepd from these assets.

 

The NR says that Eagle Energy produces 1,940 boepd PRO FORMA the sale.

 

Eagle Energy was producing 3,010 boepd in March 2014.

 

So the difference is 1,070 boepd.

 

$140 million for 1,070 boepd gives almost $131,000 per boepd.

 

Caza currently trades at $60,000/boepd!!