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Ann: Transforming New Standard Energy , page-15

  1. invertedva
    9,367 Posts.
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    10/12/13
    10:50
    Post #: 12679823
    You forgot to mention:
    - debt
    - no near term development of OZ shales.

    Can you say that NSE would not have been better served buying acreage in Eagleford Shale on the free market?

    I know STX might have been willing to sell theirs, for example, for lot less (albeit requiring development expenditure).

    With that cash, why didn't NSE just approach AQO for a modest farmin to PEL 570?




    NSE Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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