Bangladesh OnShore Natural Gas FieldI mentioned this previously.
As posted previously, KE owns 30% of this Block 9 gas field currently producing about 100 MMcf per day ( about 16,500 boepd ) and still has another 12 years of reserves left .
It is the most attractive KE asset and its acquisition by Valeura et al would be even more of a game changer.
My research has not found any buyer, so it's probably still available or a buyer's bid has been accepted.
It meets all of Valeura's acquisition requirements which are available tax loss pools from the written off offshore block, available cheaply out of receivership and currently producing cash flow.
Current gas prices in Bangladesh are $14 per MMcf which amounts to about $84 per barrel of oil equivalent .
With a daily priduction of about 4500 boepd net to KE, current annual gross revenues net to the buyer would be close to $90 million per year, with very rich gross margins.
Valeura has several currently producing targets in Thailand, two of which are part of the KE receivership , so there are other choices .
But, that Bangladesh gas field would certainly be a top pick.
We still have about $50 million CAD in our cash position , so perhaps that's enough out of receivership..