Eric has previously mentioned the potential effect of US valuation metrics on Buru's valuation.
Here's a snapshot of one recent deal involving a global major player. Yes, it's our own partner Mitsubishi coughing up billions for unconventional resource acreage in Canada.
Earlier this year US based Encana announced it had cut a deal with Mitsubishi, and the Japs would pay Encana $C1.45 Billion on closing for a 40% stake in Encana's undeveloped 400,000 acre Montney tightsands gas project. In addition Mitsubishi will invest a further $C1.45B over 5 years on development.
The project has proved undeveloped reserves 0.9TCF, 2P 1.4TCF, 3P 1.6TCF, and estimated economical contigent resources of Low=6.0TCF Best Estimate 8.1TCF and High Estimate 11.7TCF.
The full article is on Encana Corporation website www.encana.com
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No. | Vol. | Price($) |
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1 | 35000 | 0.077 |
4 | 182600 | 0.076 |
3 | 216673 | 0.075 |
1 | 10000 | 0.074 |
Price($) | Vol. | No. |
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0.084 | 14853 | 1 |
0.085 | 31893 | 1 |
0.087 | 88369 | 2 |
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