Saturn's Viking Oil Purchase Metrics Table below from SOIL news release yesterday, $260M light oil production and land purchase.
Using metrics from the SOIL Viking oil purchase, PPR @ (with 65% liquids) @$65K flowing boepd implied value of PPR's 4175 boepd is $271.3M, and 9.1M PDP reserves at $25boe implies $227M reserve value.
PPR has higher OPEX, lower netbacks, warrants O/S, some hedges so not a true comp by any means but shows that valuation metrics are moving up.
SOIL Viking Acquisition | Acquisition Metric | Recycle Ratio2 |
| Production | 4,000 boe/d | $65,000 per boe/d | - |
| Run Rate Cash Flow[6] | $129.5 million | 2.0x | - |
| Reserves7 | | | |
| Proved Developed Producing | 7.1 mmboe | $37.14 per boe | 2.4x |
| Total Proved | 10.4 mmboe | $25.00 per boe | 3.5x |
| Total Proved plus Probable | 13.5 mmboe | $19.26 per boe | 4.6x |