TSXV:RZE.H - Post by User
Post by
InvestLargeCon Mar 07, 2017 3:11pm
135 Views
Post# 25945931
CPG paid C$80,000/boepd for its Swan Hills assets
CPG paid C$80,000/boepd for its Swan Hills assets CPG that drills in the Swan Hills area says in its presentation that its Swan Hills oily assets have very good economics at current strip:
This is why CPG paid as much as C$80,000 per boepd and C$15 per boe to buy these oily assets from Coral Hill in late 2015.
Thanks to the low decline rate of 10%, RZE's annual maintenance CapEx is just C$7 million, according to the latest presentation.
RZE's NPV-10 is C$89.1 million.
But RZE's Enterprise Value at C$4 per share is just C$58 million based on 10 million outstanding shares and C$18 million net debt.
| Reserves: | |
| | Proved developed producing ("PDP") reserves(2) | 5.6 MMboe |
| | Proved reserves(2) | 8.3 MMboe |
| | Proved plus probable ("P+P") reserves(2) | 10.6 MMboe |
| | P+P RLI(3) | 12.9 years |
| Reserves Value Before Tax / After Tax(4)(PV10) | |
| | PDP reserve value(2) | C$49.9 million / C$38.6 million |
| | Proved reserve value(2) | C$73.6 million / C$55.6 million |
| | P+P reserve value(2) | C$89.1 million / C$70.0 million |