Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Senior who wrote (39089)	9/7/2010 9:49:15 AM
From: E_K_S	Read Replies (1) of 78464

LINN Energy to Acquire Properties in the Wolfberry Trend of the Permian Basin for $352 Million finance.yahoo.com From the article:"... Significant characteristics of the three acquisitions are: * Net production of approximately 3,300 barrels of oil equivalent per day (73 percent oil); * Proved reserves of approximately 30 million barrels of oil equivalent (72 percent oil); * More than 230 Wolfberry drilling locations representing proved undeveloped reserves of 23 million barrels of oil equivalent; and * Reserve life of approximately 25 years..." Was this a very good deal? 30 Million BOE crude /$352 million = $11.73 per "proved" BOE This is less than the conservative $15.00/BOE that has been discussed on this thread. EKS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next