Striker has announced that it has entered into an agreement to sell its non-core GORR at Killam for gross cash proceeds of $5.2 mm with
equivalent transaction metrics of $108,000 per boe/d or ~9.5x annualized cash flow. Operationally, the Company’s 4Q15e Belly River program continues to yield promising results with Striker’s most recent well, targeting a Belly River channel sand, having delivered initial production rates in excess of 180 bbl/d of light oil over the first 12 days of production. ....
15 Dec 2015
Striker Reports Continued Success from Wilson Creek Belly River Play, Agreement to Sell Non- Core GORR Assets
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Striker Reports Continued Success from Wilson Creek Belly River Play, Agreement to Sell Non- Core GORR Assets
Striker has announced that it has entered into an agreement to sell its non-core GORR at Killam for gross cash proceeds of $5.2 mm with
equivalent transaction metrics of $108,000 per boe/d or ~9.5x annualized cash flow. Operationally, the Company’s 4Q15e Belly River program continues to yield promising results with Striker’s most recent well, targeting a Belly River channel sand, having delivered initial production rates in excess of 180 bbl/d of light oil over the first 12 days of production. ....