Someone's number is wrong - is it 400 or 300 boepd?
"The Eagle Ford Shale properties being divested principally consist of approximately 5,182 net acres in Atascosa County, Texas and five wells producing an aggregate of approximately 300 BOE/d at December 1, 2013, four of which are operated by Magnum Hunter."
That also happens to be lifted directly of the SEC filing.
The SEC filing is here http://b2i.api.edgar-online.com/EFX_dll/EdgarPro.dll?FetchFilingConvPDF1?SessionID=VSzJ6x0Z4maoo-9&ID=9655271
Please explain/advise NSE!
My answer which I think it correct is NSE is talking to 100% WI (i.e. before royalty to landholder) and MHR is talking to the 75% NRI - ie the amount of "product" they get to sell. So 400 boepd WI becomes 300 boepd NRI.
Always find that a little misleading when WI/NRI not spelled out in the presentation of numbers.
This is a 100 odd page document that details the PSA.
e.g. $50/K mth for the services fee for MHR remaining as operator plus plus ... also looks like initial term is 1 year.
Would like to see the leases/wells also guess have to wait on that.
NSE Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held