BM,
Not just land - producing assets & 2P reserves - think Strike paid around $8.50 per boe for 2P reserves
So 10.2 Mmboe yields $87M
600 boepd of production (88%) typically goes at between $100K to $150K depending lots of factors such as location, ease of extraction, price of oil...
So paying $60M - $90M for something that that can ramp up to what appears to be 1,000 boepd by end 2012.
Maybe some infrastructure assets also (pipeline etc).
Looks about right.
- Forums
- ASX - By Stock
- over a whisky
BM,Not just land - producing assets & 2P reserves - think Strike...
-
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)