Like I said, very cheap, keep buyingcrescent point purchase of shell duvernay comparison. ATH has 35,000 bpd, 1,300 2p, 455 MMboe proved. If ATH just gets what Crescent point paid, we would all be very happy. ATH is ridiculously cheap.
With approximately 30,000 boe/d of production and assuming US$50/bbl WTI, the estimated acquisition metrics are as follows: • Less than 3.0 times net operating income based on an operating netback of approximately $30 per boe; • $30,000 per flowing boe; and • $12.87 per boe of 2P reserves of 107.4 MMboe as assigned by the independent evaluator, equating to a recycle ratio of over 2.0 times, including $483 million of undiscounted future development capital. The acquired Assets are estimated to require approximately $180 million of annual capital to sustain approximately 30,000 boe/d of production, further enhancing the Company’s free cash flow generatio