I am going to wait for a bit to see how it plays out. I can see these assets selling at $100,000 per flowing boe at minimum. it is all flow lined at a low cost for production. The bid is at about $66,000 per boe. I am guessing at current production but we should get about 54% higher for a realistic bid. Anyone know who the private entity si or if it is arms length. Management must be the bidder because they are not opening up a data room, they are playing down production numbers (we once were at 600 boe approx now about 315 boe). My guess is an early xmas gift to a related party/entity of current management. Any other guesses???
Do your own due dilegence