Voyager just announced it will acquire the US shale operations of Emerald Oil& Gas NL.
Those assets are held in Emerald Oil Inc.
What I was wondering is whether that gives us s/h at MPO, any better understanding of what the MPO US shale assets are worth??
anyone venture a view?
http://asx.com.au/asxpdf/20120711/pdf/427byxs0q9sz10.pdf
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BILLINGS, MT, UNITED STATES and PERTH, AUSTRALIA, July 10, 2012 – Voyager Oil & Gas, Inc.
(NYSE MKT:VOG) (“Voyager”) and Emerald Oil Inc. (“Emerald Oil”), a wholly owned subsidiary of
Emerald Oil & Gas NL (ASX: EMR) (“Emerald Australia”), today announced that they have entered into a
securities purchase agreement whereby Voyager will acquire Emerald Oil to create a U.S.-based oil and
gas company that will focus on select oil and gas basins in the Rocky Mountain region. The transaction
will combine the companies’ oil-producing assets in the Williston Basin, specifically in the Bakken and
Three Forks plays located in North Dakota and Montana, with Emerald Oil’s acreage position focusing on
the Niobrara shale in the Sandwash Basin located in Colorado and Wyoming.
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