akk takeover target halcon must be looking, page-21

Dazza,

HK already has 70% interest.....


SL,

I did only assess TX value but that's all HK would be interested in - I'm leaving out Petromax piece.

The JV is 4,221 or 4295 acres (depends on annc), hence my reference to the 30% being 1,300ish.

An NPV on 50 wells is silly - those wells haven't been drilled so the net is $0. But to take HK at face value, its about $4M per well - so $200M and I think the inference is AKK's 30% is worth $60M??

On Reserves - say 6 wells - EUR of 450Mboe - so 1P of 2.7MMBoE - and 30% AKK so 800MBoE at $15-20 is $12-$16M plus whatever PUD.

It's a question of what do you accept in cash now (till end 2014 say) for the balance of the 30% that AKK still owns in the JV acres.


As for the rest of company, hard to tell but agree anything under 2cps is a no brainer