Valeura has announced that Statoil has agreed to earn a 50% WI in the deep horizons of the Banarli License by paying a minimum US$36 mm work program. This values Valeura’s remaining 50% WI in the deep horizons of the Banarli License at C$0.80 per share. We previously assigned zero value to the deep horizons of the Banarli License, as information and data has been limited to date. We have increased our target price to $2.00 per share to reflect the value of the farm-in on the deep horizons of the ....
16 May 2016
Valeura Energy Announces Farm-Out of the Deep Horizons of the Banarli License
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Valeura Energy Announces Farm-Out of the Deep Horizons of the Banarli License
Valeura has announced that Statoil has agreed to earn a 50% WI in the deep horizons of the Banarli License by paying a minimum US$36 mm work program. This values Valeura’s remaining 50% WI in the deep horizons of the Banarli License at C$0.80 per share. We previously assigned zero value to the deep horizons of the Banarli License, as information and data has been limited to date. We have increased our target price to $2.00 per share to reflect the value of the farm-in on the deep horizons of the ....