To highlight another, back in Dec 2011, Concho Resources purchased Wolfberry assets from Petroleum Dev Corp for $175M
- 10,800 gross acres (10,200 net) located in Andrews, Ector, and Midland Counties.
- 170 Wolfberry drilling locations (40 acre spacing)
- Estimated proved reserves of 13 MMBoe
- Current net production of 1,100 Boepd
Which makes it about $13.50 proved reserves and $160K per flowing boepd.
Without the reserves GGP hand isn't as strong.
- Forums
- ASX - By Stock
- over a whisky
To highlight another, back in Dec 2011, Concho Resources...
-
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GGP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online