Post by
rob926 on Dec 16, 2014 2:31pm
Question
Here is a survey question. If we get an offer for our 3 JV leases what price do you think Reservoir would sell at?
Comment by
thorgb1 on Dec 16, 2014 2:40pm
In a strong commodities market $12-20. In these market conditions, I think the board would have to seriously look at anything over $8.
Comment by
rob926 on Dec 17, 2014 2:32pm
I think you are right on both ranges. I thnk they would probably seriously consider an offer of $9.00. Timing is everything and ours is off. At least we have a great discovery! Now lets find another one! GLTA and Merry Christmas