Post by
qwqw on May 28, 2015 12:20am
Leucrotta sells 1300 boepd for $80 mil
"Leucrotta Exploration Inc. has signed a purchase and sale agreement, and subsequently closed the disposition of a portion of its assets located in the greater Dawson area in northeast British Columbia for a cash consideration of approximately $80-million. The sold assets are currently producing approximately 1,300 barrels of oil equivalent per day (87 per cent gas) and had approximately 8.6 million boe of 2P (proved and probable) reserves assigned to it."
Comment by
rlovett on May 28, 2015 12:14pm
That's not a bad price for 87% gas: $61,538/boed production and $9.30/boed 2P reserves. I hope for a few more of these asset sales. rl