Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Zargon Oil & Gas Ltd ZARFF

Zargon Oil & Gas Ltd is a producer of oil and gas. It is engaged in the exploration, development, and production of oil and natural gas in Canada and the United States. The company works on three phases of oil reservoir exploitation which include Primary recovery, Waterflood recovery, and Tertiary recovery. Its portfolio includes Alberta plains north, Alberta plains south and Williston basin... see more

GREY:ZARFF - Post Discussion

Zargon Oil & Gas Ltd > LINN sells North Dakota asset for CAD$45,000/boepd
View:
Post by stockfy on Oct 24, 2017 9:46am

LINN sells North Dakota asset for CAD$45,000/boepd

ZAR owns a low decline oil-weighted asset in North Dakota (see presentation) that could be sold in the next months. Based on the recent area deals posted here in other threads, ZAR could sell it for more than CAD$40,000 per boepd.

See another North Dakota BAKKEN deal that was out today. LINN sold 8,000 boepd for US$285 million or US$35,000 per boepd or CAD$45,000 per boepd:


https://ir.linnenergy.com/releasedetail.cfm?ReleaseID=1044846


HOUSTON, Oct. 23, 2017 (GLOBE NEWSWIRE) -- LINN Energy, Inc. (OTCQB:LNGG) ("LINN" or the "Company") announced today that it has signed a definitive agreement to sell its interest in properties located in the Williston Basin to an undisclosed buyer for a contract price of $285 million, subject to closing adjustments.

The properties to be sold consist of approximately 20,000 net acres in North Dakota, South Dakota and Montana with second quarter net production of approximately 8,000 BOE/d, proved developed reserves of ~20 MMBOE and proved developed PV-10 of approximately $186 million.

Comment by pablo87 on Oct 26, 2017 6:18pm
Also, Surge? just bought a property in Central AB with 780 boe/d (95% oil) for $38MM.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities