The other interesting thing is the E&P industry will know this...

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Generalrelativity

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01/06/17

05:08

Post #: 25029330
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Originally posted by domum ↑

Just as an addendum to that last post.

The question becomes for any that might have the JV or acreage as a target, at what point do they let this accretive derisk value process get out of hand and then potentially have a group of big buyers all vying to make a buy and also possibly at higher oil prices.

Don't forget how that DJC report had the value of this play moving on oil price increases and this was pre any new numbers on recent developments with the play and industry efficiencies if applicable such as multiple long horizontals from one pad.

The other factor is the PB factor.

Just how far do these guys need to go before they start thinking, " hey, this guy has actually done it again as he did in the EF ".

Is it on potentially good Ice 2v results ?

Is it on delineation of the wider acreage and conventional potential ?

Is it somewhere between the two above ?

How dependant is a deal on the oil price ?

What is the thinking of the potential buyers and what questions might they be asking ?

We have a contiguously huge acreage that potentially has massive sweet spotting that has high API hydrocarbons that we can pay similar dollars for small acreage in the lower 48 that has MASSIVE size potential.

Would I want to put my foot on such a play early in the piece for say 5 Billion ?

If I knew this thing flows and I believed PB had it right at just Icewine FBP then this sweet spot might be worth this in its own let alone any multiple other sweet spots and conventional stuff let alone the possibility that the WHOLE of the HRZ is payable.

Hella bells, if the above is the case and the JV knows it just how greedy do they become for us and them as shareholders. Do we then hold out for 10 B plus ???

After all we have seen 10s of billions paid for half such an asset, if much of the acreage is proven up, in the EF with the Burlington/CP deal.

Any takers ?

d.

Expand

The other interesting thing is the E&P industry will know this JV has the North South depth of the play tied up because GB hasn't continued chasing the unconventional on their acreage so the northern boundary of the Tmax potential finished on the southern boundary of the GB acreage . So that is already defined.

Another buyer question.

Do we now wait on east west delineation if they already have the north south wrapped up given how these plays r reflected by the conventional reservoirs the source rock oil migrated too ?

d.

88E Price at posting: 4.8¢ Sentiment: Hold Disclosure: Held
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The other interesting thing is the E&P industry will know this...

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The other interesting thing is the E&P industry will know this...

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