Aug. 27 at 7:31 PM
$CJMB 🚨 Major Energy News 🔥
🔗 https://www.globenewswire.com/news-release/2026/08/27/3351986/0/en/callan-power-to-acquire-williston-basin-non-operated-oil-and-gas-assets-with-48-million-proved-pv-10-and-83-million-3p-pv-10-from-the-pfanenstiel-company-significantly-expanding-en.html
Callan Power just announced a definitive agreement to acquire producing oil & gas interests for
$12.5M - And the numbers stand out: 👇
💰 Immediate cash flow from already producing assets
🛢️ 377 producing wells
⚡ ~150 BOE/day current net production
💵 ~
$2.5M illustrative annualized net operating cash flow at
$75 WTI
📈 ~21.2% illustrative unlevered cash return from producing wells alone
🔥 27 additional wells already in process
⛽ ~4.3M BOE of net proved reserves
📍 ~3,000 net acres held by production
One of the biggest positives: the
$48.1M proved PV-10 is nearly 4X the
$12.5M stated purchase price, while the
$82.7M 3P PV-10 represents even greater potential asset value.
Following the Reger Oil deal,
$CJMB is rapidly building a much larger Williston Basin energy platform with producing assets, current cash flow and future drilling opportunities. 🔥
Disclaimer: https://stockresearchtoday.com/cjmb/
@TheTitanMedia
