RE:Kris Energy Acquired Bangladesh Gas assets for just $42 mThis would be a Superb producing asset for Valeura, as natural gas prices are very high. Bangladesh and operating margins are at record levels.
Most recent reporting indicates annual production of about 16,500 barrels of oil equivalent per day, of which 30 % ( about 4800 boepd ) would be net to VALEURA.
It is noteworthy that BAPEX ( Bangladesh national petroleum company owe KE ( now Keppel ) $37 million US as part of its working interest capex spent on the OffshoreBloock.
That alone wil cover the $42 million spent to acquire this field in 2013.
So, as this asset also comes with tax loss pools and its own operating team, it would be. Superb asset if Valeura could acquire it for $20 million or so