prices are still good for assets and financing is there for the right managment teams.  pretty impressive numbers and these reserves are in line with Marquee's.  why is this stock trading at 45 cents?  someone has to wake up and maybe the people that think this is about bleeding all the cash to management and board are right, who knows.  this is total insanity what marquee is trading at.

 

The Acquisition has the following characteristics:

 

 

Total purchase price $110.0 million
Current production 900 boe/d (95% light oil and NGLs)
Proved reserves (4) 3,645 Mboe (94% light oil and NGLs)
Proved plus probable reserves (4) 4,491 Mboe (94% light oil and NGLs)
Proved plus probable RLI (5) 13.7 years
Operating netback (2) (3) $58.00/boe

 

Acquisition metrics are as follows:

 

 

Current production $122,000/boe/d
2014 production $92,000/boe/d
Proved reserves $30.18/boe
Proved plus probable reserves $24.49/boe
Proved plus probable reserves recycle ratio 2.4x