RE:RE:Replying to Q's & clarifying other stuff......Mrmomo,
Could you please tell us when Spartan acquired the Simonette assets from Velvet?
Spartan's "Velvet Acquisition Summary" slide deck (pg 6 Aug 31/21) shows Spartan's existing assets in yelow and the Velvet assets being acquired by Spartan in green.
Are you referring to the June/21 acquisition of 21,500 net acres in Simonette after the Cequence acquisition?
Please keep your reply to 1,000 words or less.
For the rest of you paying attention, I might be worth reviewing the old Spartan decks to get a sense of Logan's assets going forward, particularly Simonette. As at Jun/21 Simonette had ">274 net risked Middle Montney locations, >75,000 net delineated Montney acres, 50% WI in a 120 mmcf/d natural gas plant (CSV Midstream is the partner) allowing for production growth > 20,000 boe/d and dual connection to Nova and Alliance.
That's a pretty nice starter kit for Logan and maybe implies .35 per share is a steal.