"So that buy was done at about $5 per 2P Boe - would not say they overpaid."
I was just looking at the price paid per flowing BOEPD, there are a lot of variables in valueing these projects and reserves is certainly an important one.
On a per acre basis it works out around $20,000.
I wouldn't be suprised if our 2P reserves come out in the 12 MMBOE range, it must be "imminent".Lol
Cheers Whisky
GGP Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
