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Bullboard - Stock Discussion Forum Second Wave Petroleum Inc SCSZF

Energy Oil & Gas E&P

GREY:SCSZF - Post Discussion

Second Wave Petroleum Inc > BONTERRA's acquisition
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Post by puntabeach on Apr 28, 2013 12:44pm

BONTERRA's acquisition

Bonterra Energy acquired Spartan Oil for $420 million in late 2012. Spartan was producing 4,000 boepd (82% oil and liquids) from the Cardium formation and owned 2P reserves of 21.4 MMboe.

 

Bonterra paid 105K/boepd and $19.6/boe of 2P Reserves.

Comment by michelleb33 on May 01, 2013 12:25pm
It is incredible how far down this company has come from a year ago. Does anyone know the price target on second wave is. And what would be a realistic outcome for us holders
Second Wave Petroleum Inc
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