What an open.
'The heart of distribution'
Once u see that, run |
If EIG want to own 20% of DEC and Maverick combined then I don't think the shorts are likely to know any more about the business.
They may have wanted more for Maverick, but they can get more from holding shares in DEC. |
SP93 - lol
decimal million to roman mille eg thousand
should stick to gardening
it was completely out of reasonable
thank you |
Shorts falling off a cliff now, 3.5% |
 kaos - sorry, you'll have to suspend your metric thoughts. ;-)
In the US, 36 MMBoe is 36 million, and 36 MBoe is 36 thousand. So the rates are not quite as fantastic as you dreamed.
You're also correct that converting oil and gas rates to gas or oil equivalent respectively is something that the industry does in RNS's (whether for production, reserves, rheology, ...), but which is completely meaningless in all terminology other than calorific value.
So where they say in the RNS "with a combined production base of approximately ~1,200 MMcfe/d (~200 Mboe/d)" they use a factor of 6 [6000scf = 6 Mscf = 1 boe], but if you look at today's prices of US gas ($3.25/Mscf) and WTI oil ($72/bbl), the economic "equivalence" is a factor of 22.
Or for another example of this conversion futility, look at the top 3 lines in the table under "Operating and Financial Metrics". In gas equivalent (MMscfe/d) terms, DEC produces 2.5x more than Maverick, but because the Maverick operations are more dominated by oil, their revenues are broadly similar |
MNR Operated Producing Well Count ~1,690
Net Acres ~750,000
Current Production ~36 MBoe/d
dividing 36.000.000 boe/d by 1.700 wells - i get a huge boe/d per maveric average well ... also when taking into account halve is oil and liquids and the other halve is gas.
much easier to operate compared to the present dec old dogs of their wells. huge optimisation possible imho, specially when looking at the maveric present operational costs. i would assume, they drilled lots of fresh wells recently ... which is very good in dec operating terms. costs sunk before the takeover. |
rate is the same ... but the quantity depends on when the decline started - age.
i assume due to the low decline that the average age of the maveric wells are above 4 years - but how much...
regarding dec - they have estimated cca 700 mio usd in undeveloped reserves ... which now the maveric team will work on i assume ... eg increasing or releasing the value of the combined company by further cca 20 - 30 per cent or replace decline for a few years at least without any further acquisition
i have no idea about the industry reporting standards ... but the average age of the company wells would be a good guide to me |
kaos
from today's presentation, the maverick production decline is the same as DEC i.e. 10%
But you're right that they only released PV-10 for PDP and Proved, not the actual reserves. Volumes underpinning the PV-10 are based on decline curve analysis. Perhaps as a non-listed company, Maverick were not mandated to complete a reserves statement each year? TBH I couldn't tell you what DEC's reserves are either! Normally when they make an acquisition they give the reserves though |
I hope gold drops to level 3. Be alllll in for double the price later |
Micky mouse market over now. Gap filled on the ranges earlier
Time to find out what investors are doing |
maveric data is mostly financial
would like some more data on maveric gas, oil, ngl probable and possible reserves - eg undeveloped
and in which stage of the average decline curve maveric production is...
also estimates of the synergies in financial terms
just curios |
whats it like in the 99 pct club putin ?
SYME done u proud
lol |
Well, normally such an update takes out an issue price, when market likes an update. |
All remaining shorts have been reducing in January, a sea of red.. |
A positive reaction in the US ahead of the market open..
.............................................. |
Which, you know, being so close to price of note, it shouldnt have been an issue with a positive market reaction |
Market has obviously spotted an issue on that somewhere hence the current inability to break through price of note |
Yes read it. But what exact figures did they derive the forecasted uplift from? |
Presentation at |
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