???4 Feb 2021 07:51
So, ENQ announce a deal to acquire 26.69% non-operated interest in the producing Golden Eagle area for an initial consideration of $325 million, which provides immediate incremental production of c.10 kboepd, c.18 MMboe1 of 2P reserves and c.5 MMboe1 of 2C resources, and value enhancement in excess of US$100 million NPV(10)1 at a long-term oil price of US$50/bbl.
Does HUR not exceed that? 12K bopd, £100M+ cash p/a at $50/bbl ?
So, the £300M price i said the other day is about right. - 15p. Which would be the take out price from 11.02.21 (then lower).