OAS also out with preliminary 2015 numbers and 2016 Capex plan (no mention of their sale of acreage to SSN ... not material I suspect (as it is noted as non core) but it could also mean something else).
Big reduction in D&C Capex, down to $180M-$230M plus $20 for capitalized interest. Average production for 2016 expected to be in the range of 46Mboepd - 50Mboepd (2015 avg 50.5Mboepd).
Back of envelope calc puts that at around $11,500 boepd for capital intensity (assuming 20% as current production decline).
OAS does mention core acreage acquisition (5,000) in late 2015. They also have large investment in midstream (capex in 2016 est to be $140M) which keeps the LOE down. They talk of monetizing this infrastructure (which would then increase their LOE).
Big news for them I guess was selling stock ~34 Million shares (roughly 25% of total shares issued) for approx gross proceeds of $160M. The dreaded capital raising.
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