OTCPK:TLSMF - Post by User
Comment by
JackDeeValentinon Dec 12, 2014 5:26pm
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Post# 23226092
RE:reposol knows-tlm bleeding cash
RE:reposol knows-tlm bleeding cashNorth Sea is 17,500 boe/d out of 353,000 boe/d company
North America is 165,000 boe/d company; 75% nat gas production; bulk of value in Edson Gas and Marcellus
They North Sea has a negative NPV and should be looked as almost as debt --They have a minimum capital committment which has a negative value of approx $1b and rolls off after 2016 -- this is negative but get too much press relative to the core of TLM
TLM's Canadian, Edson gas assets are comparable to Peyto --- Marcellus/Utica in PA is very similar to Shell's core in the region -- in addition to valuable nat gas resources, Marcellus and Edson have extensive, owned infrastructure
Asia is a company by itself at 123,000 boe/d; 2/3rds nat gas and much under long term contract (not hedges; contracts) with counterparties ---
Colombia (meaningful value), Kurdistan, Algeria and some other non core assets
North Sea is negative -- but only part of the equation