RidgeDoes anyone know who got Ridgeback's charlie lake stuff...no mention of it in press release....
Bizarre deal. I surprised Saturn didnt partner and sell the alberta stuff...especially the cardium and deer mountain stuff.
Obviously a cheap price they paid. But also isnt many bidders as Ridgeback owned a really bizarre portfolio...I think Ridgeback was worth more split into pieces.
Positive thing is isnt much flush production if charlie lake stuff is not in. Decline rate should be low on legacy stuff.
Wouldnt shock me too see Saturn unload either Cardium or Deer Lake by next year.