talisman acquisition azz implications

AZZ has over 22,000 Eagle Ford Acres - and a market cap of circa A$ 142 million - the Talisman transaction is near by and is for over US$ 10,000 per acres - if this is a legitimate see through transaction AZZ should be in for a real run !!!!

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Dear [First],
Please be advised that Talisman has announced an acquisition in the liquids rich Eagle Ford
Shale play - refer to attached press release.
Key Highlights from the press release include:
?h US$1.325 billion joint 50:50 acquisition with Statoil of 97,000 net acreas
?h Statoil equalization on Talisman's existing 37,000 net acres at cost
?h An option to acquire an additional 22,000 net acres
?h The net cost of the transaction to Talisman is ~US$485 million, which is one-half
acquisition costs less Statoil's equalization payment to Talisman
Following these transactions, Talisman and Statoil will have equal 50-50 ownership in:
?h 134,000 net acres largely in the heart of the liquids rich Eagle Sale play
?h Estimated 1.1 billion boe of contingent resource, ~50% liquids
?h Over 1,500 net drilling locations
?h Total current production of 6.5 mboe/d
Key Metrics/Terms of Interest to Analysts include:
?h Land acquisition costs of ~US$10,900 per acre adjusted for the value of current
production and midstream assets
?h Resource acquisition costs of ~US$1.30 per boe ($0.22 per mcfe) adjusted for the
value of production and midstream assets
?h Large, contiguous land blocks allow for development at scale - refer to attached map
?h Half of recoverable resources are liquids
?h Over 50% of acquired acreage is held by production
?h Talisman initial 100% operatorship in joint venture with Statoil, transitioning to 50%
within 3 years
?h Proven tier 1 shale play, economic uplift from high liquids content, with break even
costs of US$4/mcf or less
?h Three of the top ten Eagle Ford wells drilled to date on JV lands
?h Average expected IP's and EUR's of 1,200boe/d and at least 660 mboe respectively
Please don't hesitate to call if you have any questions.
Christopher LeGallais
Vice President Investor Relations
Direct: +1.403.237.1957
Shailender Randhawa
Senior Investor Relations Analyst
Direct: +1.403.231.2778
Geoff Holmlund
Investor Relations Analyst
Direct: +1.403.920.8701