Ann: Closing on $20M Duvernay Acreage Transaction, page-22

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  1. 523 Posts.
    re: Ann: Closing on $20M Duvernay Acreage Tra... Daylight has been active in several plays in Canada including the Rock Creek and recently the Duvernay and was taken out by sinopec at the end of 2011 .

    this was from the last presentation in August 2011

    Key Attributes: – 2000 start - $15 MM invested capital, $1/share
    – 2011 Current ~ $2.9B EV, $10.21/share (+$10.62 in dividends since inception)-

    • Q2 2011 Daylight brought into production 3 wells at 3, 7 and 10 MMcf/d with liquids rates over 50 Bbls/MMcf

    • 70 net prospective sections of Rock Creek lands

    • 8 Rock Creek horizontal wells budgeted for 2011
    with an estimated 3.6 million per well to tie in and complete with a recycle ratio of 3.6
 
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