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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (159833)	11/16/2011 6:14:17 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206110

Paul, NiMin Energy (NNN.TO) -- I think what GHS was trying to get to was a simple way to show what value just their PDP assets would have if sold. Since most of their production is in an area that has been getting pretty low oil prices, plus has high operating costs, I would agree that it would be a challenge to get $100K per flowing barrel if they tried selling to an E&P company. But recall that 2 of the MLPs (Legacy & Encore) have a presence in Wyoming and Legacy just announced another purchase their recently. So maybe they could sell to one of the MLPs, in which case $100K per flowing barrel might not be all that far out of the question.