UPL's Uinica Seismic vs KWK's HRB sesmic and acreage
UPL'sn entered a $650M dealn in Utah and was wondering how the properties compare. Obviously it's harder to LNG and export from Utah vs the deep water port in BC. Might give us an idea what a JV deal could bring in. Im sure Asian companies want the gas and property worse than UPL.
Dlight, what's the correlation between UPL in Utah and KWK in BC/HRB? Are you saying there are similar seismic studies in Utah that support high value of HRB? If all HRB is priced at $650mm it will help, but it won't cause the big spike I'm looking for. If the HRB value is based upon recoverable 14 TCFE I would think the JV would be in the $500-700mm for 25% stake, similar to Barnett.
It's gonna take most of the day to study the UPL deal, however, it might be more indicatative of our Sandwash Basin Niobrara acreage than the HRB.... the HRB is one of the more elite fields in the world. We need more Niobrara in NW Colorado information from RDS JV.