Waldron Energy is to sell its Strachan and Ricinus assets for $12.3million.
The disposition process has begun and the sale is expected to close this week.
The firm estimates that its production is approximately 800 – 850 boe per day (approximately 35% oil and NGLs and 65% natural gas) from its remaining properties of Ferrybank, Crystal and Sullivan Lake.
Based on an estimated 2015 production for the properties of 501 barrels of oil equivalent (boe), the sales price is estimated at $24,118 per flowing boe and assuming realised natural gas sales pricing of $3.00 per Mcf and realized NGL sales pricing of $25 per bbl, estimated 2015 field cash flow from these properties is approximately $1.35 million.
Recommended for you
