Merger saga, page-14

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11/09/15

11:24

Post #: 15975343
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Originally posted by Value_Hunter ↑

Eshmun

I concur with your last comment !

if you look at the 2P/3P of both DLS / BPT, and compare prod profiles - the "relative" market caps are "about right" ......BPT perhaps 10% over on rel basis .....

there are two main deep troughs in the CB .....one has been tested, and while gas saturated, has high co2, and variable perm ........the other is quite a bit shallower, has much lower co2, and (in places) assoc liquids ............

should any "merger of equals" occur - this is what the game is about .........

clearly - any deal would be script based ..........(refer your last comment again!!) and it will take "some years" for the above resource play to be proven, and many many years for it to be developed........

Seven is also clearly feeling the financial pain of having to "carry" E&P assets .........hence the "hurry up pls" from various punters !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

rgds
V_H

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Value hunter
Don't confused BOE 2p reserves with the split between gas and oil . DLS reserves are more valuable on a BOE basis as they have a much greater waiting to the oil and condensate
This is why UBS have a 65 price target on Bpt and 80 on DLS
I would suspect any deal would be cash plus script as many would want some cash from the transaction even maybe seven

DLS Price at posting: 52.2¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Merger saga, page-14

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up