RE:RE:RE:Announcement today If you take a look at all the other oil deals done in the last few months, the companies got $90,000 per flowing. Now since LEG has some NG thrown into the mix, in a full buyout they won't get $90,000 for everything, lets say $85k.
$85,000 *24,600=$2.1 billion-900 million debt = $1.2billion for shareholders/200 million shares $6 max IMO.
They could also sell a portion of the production to pay back debt. If just the oil production ,
10000 boepd would generate $900 million making us debt free with 14,600 in production remaining.