Hope so Skull, but if SSN is not at the 1,600 boepd (as per the presentation) at end of June and the forecast for remaining 6 mths avg of ~1,400 is revised down then the price paid drops. Customary for price to be forward predictor assuming current product GROWING. Thus I would discount by 20% and guess at $33K -$40K putting price of asset at = $46M - $56M.
Be real happy with that (or more)
Rising like a Phoenix, page-30
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