Friday, November 8, 2013

Talisman Montney Assets

Excluding the value of production and development funding from Sasol, the per-acre price is around C$5,700, about 80 percent below what was paid by Sasol, Michael Dunn, an analyst at FirstEnergy Capital Corp. in Calgary, said in a note today. Talisman shares may pare gains as investors reassess the deal’s metrics, he said.
The assets being sold produced the equivalent of about 11,000 barrels of oil a day as of Oct. 1, with output expected to increase in the fourth quarter, Progress Energy said in a separate statement. The deal is expected to close in the first quarter pending regulatory approvals, including a review under Canada’s foreign-takeover law.

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