GREY:CAZFF - Post by User
Post by
Miner1967on Mar 31, 2015 5:05am
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Post# 23580117
MTDR acquires HEYCO (530 boepd) in the Delaware Basin
MTDR acquires HEYCO (530 boepd) in the Delaware BasinMatador (MTDR) acquired HEYCO a few weeks ago. HEYCO was producing only 530 boepd (70% light oil) in the Delaware Basin. .. .. .. .. .. MTDR paid about $37.4 million in cash (including debt obligations), issue 3,140,960 common stock shares and 150,000 preferred shares to HEYCO. This totals more than $100 million. See the PRs from MTDR. .. .. .. .. .. .. .. .. .. This proves how grossly undervalued CAZA currently is.