Announcement Forecasts, page-292

From Reuters today-
Last October, as U.S. oil prices seemed to be stabilizing around $45 a barrel, some bullish traders chuckled at the notion of U.S. shale firms racing to hedge production at what they thought was the bottom of a 19-month rout.
Now, a handful of producers, such as Anadarko Petroleum, which sporadically hedges in large chunks every few quarters, and, surprisingly, natural gas giant Chesapeake Energy, may have the last laugh.
They were among the few to increase hedging in the fourth quarter, according to a Reuters analysis of filings from the largest shale firms. That group locked in prices for nearly 38 million barrels of future production just before crude tumbled a further $15 a barrel in the early weeks of 2016.
However, the figures show that, taken together, the 28 analyzed companies ended the quarter with some 28 million fewer hedged barrels, totaling 291 million, than when they started. Analysts estimate that between 15 and 20 percent of 2016 U.S. oil production is hedged, and as little as 2 percent for 2017.
(Graphic: tmsnrt.rs/1MiNzFx)
In addition, at the end of 2015, some 44 percent of the group's outstanding hedge book was concentrated in the hands of just eight U.S. shale oil companies that increased their outstanding oil options, swaps or other hedging positions.
In the third quarter, amid an almost uninterrupted decline in prices, only six companies had boosted their hedge positions.
The data underscores a growing chasm between those that remain hedged and producers that lack such protection, raising doubts how long the latter can survive the lower-for-longer price scenario.

So tell me where your EV/1p scenario fits into this. Any buyer of this asset presumably wants to make money from it , so with no production and therefore no hedging, and oil at $36 making the asset most definitely uneconomic, who is going to write us out a cheque again???we need more time.

You seem to forget that there was a view that oil had bottomed at $45 last year, a level probably just below what is needed to sell this asset but instead it almost halved from there and is still only at $36. When you have found the name of this mystery buyer you keep referring to, I look forward to hearing about them.