RE:Blackbird interview Calculation based on Kicking Horse Deal
KH sold for 293 million for 20+ sections so BASIC math here is $293,000,000/25=11.72 mill per section ... Mulitply that by 75 BBI sections is $879,000,000 divided by approx shares of 550,000,000 would give it a rough price of 1.59 per share on a buyout.
Keep in mind KH had 4,000 BOE and BBI only has 3,200 currently but with the 4th well coming should get to 4,000 BOE easily ...
Yes I am keeping the math simple and rounding here (rounding down actually) but if you compare it at a simple level, there is a good chance that BBI gets 1.50 per share on a buyout.
Cheers,
Bach