In late October, the company announced a $37.2 mm acquisition in the company’s core Sparky area along with a $44.5 mm convertible debenture financing. We are off restriction following the closing of the convertible debentures. GY acquired 780 boe/d (95% liquids weighted) of low decline (<15%) production offsetting its Eyehill property (see map within comment). The price paid represents a flowing barrel metric of $47,700/boe/d, a reserve value of $9.07/boe (2P) and a P/CF metric of 5.
