You only have to look at the numbers from IOG (all of them and not just well production, but go to balance sheet as well).
Again why the added acreage? Had 387 locations left to drill. And just doing rough math guessing at 40 acre spacing they just added another 60ish.
Paid $2M ... but it included a bunch of other "stuff" - which has a $value (IOG has it on their books, AKK has an estimate of the value and will go on their books to). For round numbers only say it was $500K which means they paid $1.5M for the acreage and 1P PDP Reserves (again look to IOG for that number). Might surprise yourself as to the $value of acreage then.
Besides @$500K a well, why wouldn't you drill 3 wells rather than spend the $ on acquisition of production of 50 bopd .... ??? What were posters claiming as NPV of each well???
Can't have both ways.
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
