"After SEA re-imburses TXN the associated costs of the wells, the price SEA pays will end up being a lot more than $107 million which is reflective by the merger at current prices."
SEA also gets reimbursed revenue of all the EFS oil going back into last year some months.
so as much as it will cost them a few mill, and you say the costs have to be paid by SEA,, have you ever considered what 50% of 1705 bopd and 100% of 2007 bopd translates into over 30 days in monetary terms?
probably close to $8 mill
cliff said the well cost was $9 mill
TXN Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
