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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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LYNDEN ENERGY CORP. V.LVL

Energy Oil & Gas E&P
"Lynden Energy Corp is an oil and natural gas company. The Company is engaged in the acquisition, development, and exploration of oil and natural gas properties. Its projects include Wolfberry and Mitchell Ranch projects in the Permian Basin, West Texas."


TSXV:LVL - Post by User

LYNDEN ENERGY CORP. > interesting
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Comment by Teatimenowon Sep 29, 2014 12:17pm
172 Views
Post# 22979541

RE:interesting

RE:interestingEncana (smart guys -> PSK spin-co!) buying Athlon Energy Inc. for 6 Billion + 1 Billion debt assumption, planning a 1 Billion + Capital program.

https://www.marketwired.com/press-release/encana-announces-transformative-acquisition-athlon-energy-establish-premier-oil-position-tsx-eca-1951280.htm
Athlon is a Permian; Midland basin pure play and area of opertion is excatly those of LVL.

So assuming a hypothetical deal on LVLs assets and using similar metrics than the ECA - ATHL transaction it looks like a premium of 85-125% might be appropriate.

eg. 7 Billion for current ATHL production of 30.000 boe/d
vs.
LVL. 120mm US$ mc for approx 1350 bod/d

only vague numbers as no comparison of individual well- economics.

But if you look at the maps this is certainly a further validation of the value of LVLs assets. Actually all Permian Basin plays are up today.


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