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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: SofaSpud who wrote (9106)	5/13/2002 2:55:28 PM
From: stan_hughes	Read Replies (1) of 24925

Sofa/Richard - AET deal last week went down at $31,818/BOED for a package of 50-50 O/G producers, but on a reserve basis, that deal worked out to $8.97/BOE basis proven and $6.60/BOE basis P+P. Muchos less than $15. Those 'established reserves only' current market values should help you flush out a reasonably accurate number for what POU is effectively paying for the non-producing assets of SUI. I hope it was worth it. We seem to be running out of juniors again. I didn't know what the NG price threshold would be for this to start again but I guess we know now.

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