Where to Value LRE producing barrels?Your answer to where to value LRE producing barrels of oil is very material if you believe that selling production to pay down dthe $740m debt should be considered? $33,000 per boed or $61,500 per boed or $90,500 per boed or $75,000 per boed or $25,000 per boed ? It appears the selling price point of Canadian Oil is very fluid right now. The range of prices paid is far too wide to rationalize a current valuation on the LRE producing barrels of oil ... and thus, very difficult to value the Red Water resource? Storm sells 727 boed for $20m. That equals $33,000 per producing barrel of oil . CALGARY, ALBERTA--(Marketwired - May 29, 2015) - STORM RESOURCES LTD. ("Storm" or the "Company") (TSX VENTURE:SRX) the disposition (the "Disposition") of the Company's properties (the "Assets") in the Grande Prairie area of northwest Alberta. Details of the Disposition are as follows: •Disposition price is $24.0 million, subject to standard closing adjustments. •In the first quarter of 2015, production with respect to the Assets averaged 727 Boe per day (52% light oil plus natural gas liquids). National Instrument 51-101, the Assets contain an estimated 1,890 Mboe total proved reserves and 4,267 MBoe of proved plus probable reserves. Levcrotta Exploration sells 1300 boed (87% Gas) for $80m. That equals $61,500 per boed. Surge sells 4750 boed for $430m. That equals $90,500 per producing barrel of oil. Renegade sells 1450 boed for $109m or $75,000 per producing barrel of oil. Legacy sells to Crescent Point : Crescent paid $1.53b less debts of $967 = $563m for 22,000 boed. That equals $25,000 per producing barrel of oil.