RE:The deal...analysisI don't doubt that TVE can drill good charlie lake and clearwater wells with this 123m...I have thought payouts on some of the wells are so good they should be speeding up sweet spot drilling so why didnt TVE just cut the divy to zero for awhile to have more capital to spend on sweet spot drilling in both areas.
TVE drilling results will get better when they stop drilling to test edges of thier land.
They basically sacrficed cardium to keep their divy..a divy that hasnt done anything to help stock price.
and icing on cake is they still keep a decent sized ARO liablity if I am interpreting that press release correctly.
At least when ARC firesold their cardium they didnt keep the ARO but maybe ricochet couldnt have financed this deal with TVE accepting to take on future ARO. WHo knows on that.
What are the reserves not mentioned...