Today's NEN sale announcement gives some further support to the...

Today's NEN sale announcement gives some further support to the $90k per boe theory.

Assets were producing 270bbl/day with sales less lifting cost margin of around US$53.79

Sale value was US$26.95M or $99,815 per barrel.

We are currently producing around 220bbl/day with margin of around US$75 which gives value of around US$22m, if we adjust for premium due to more favourable margin (+41%) the number is around US$31m.

There is a good presentation on BYE forum (no stk held) with cool salt dome pictures. Louisiana is getting some attention and interest in our neighbourhood evident imo.
Cheers