RE:Galp find Estimate of Value to SEIJust for the sake of arguement, they could buy producing Canadian junior oil/gas producer .
Look at the recent purchase of Crew energy by Tourlamine oil. $947 million for 29,000 barells/oil equivalent per day which is reported to add $200,000,000 per year of free cash flow.
If your buy out price of $411million is corrected you can multiply the above by a conversion of ,434
to produce a 12,586 barrels of oil equivalent and $86,800,000 of FCF.
Of course, if PEL83 holds 20 billion barrels of oil the numbers are closer to the same reported for the purchase of Crew energy.
https://financialpost.com/pmn/business-pmn/tourmaline-oil-to-buy-crew-energy-in-947-million-deal