RE:RE:RE:Wembley Alone Worth More Than CompanyThat's what I'm hoping (bagholding) for. Probably not gonna happen of course....
All bets are off of course re oil and gas commodity pricing. Nobody's paying a premium for anything if WTI is $60 because its gravedancer time.
The comparables are as follows:
SDE Gold Creek sold to VRN for $1.7B. 38,000 boepd (55% liquids). 207MM 2P reserves.
and Hammerhead sold to VRN for $2.55B. 56,000 boepd (liquids not disclosed). 309MM 2P reserves.
Looks like $8 per 2P was the reserves price (from VRN, not sure if there were other offers).
Wembley is 216MM 2P reserves as of 12/31/23 (22% locations booked) with nothing I believe booked in the 3rd bench or Charlie Lake @ Wembley. Pouce Coupe etc..was 113M (but very gassy).
So Kelt (Alberta) should be fine on the reserves metric, Its the boepd metric that theyre well behind on.
Btw, I finally realize that my behaviour is classic bagholder behaviour - always hoping for the best and then one thing or another goes awry.