Ann: $7.5 Million Capital Return and Banking, page-14

Yes they could but one would think a producing asset wouldn't be sold for less than one year's revenue with 14yr life using 2P reserves .... Revenue more than twice the value of the present value for all CE1 listed shares..

If the offer was that low better off just keeping production going and paying out most of the profits pa for the next 10Yr+..

IMHO Montney was talked up as being this great asset CE1 could JVP out the 80mill-100mill+ CAPEX was it pure
HOTAIR ? So called interested JVP just wasted CE1 time and funds ..just drill some appraisal wells etc and we will invest the funds ....to want more work done?
"Jordan Kevol" had big dreams but as we have seen over the years couldn't deliver ... Maybe the rest of the board + major S/Hs had enough and wanted it SOLD ...enough SP destruction