Today's NEN sale announcement gives some further support to the $90k per boe theory.
Assets were producing 270bbl/day with sales less lifting cost margin of around US$53.79
Sale value was US$26.95M or $99,815 per barrel.
We are currently producing around 220bbl/day with margin of around US$75 which gives value of around US$22m, if we adjust for premium due to more favourable margin (+41%) the number is around US$31m.
There is a good presentation on BYE forum (no stk held) with cool salt dome pictures. Louisiana is getting some attention and interest in our neighbourhood evident imo.
Cheers
west klondike, page-56
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