to continue ... for Birchliff the share price is (116,000 * boe/d) divided by the nr of shares, but in average the price per flowing boe is as I said in my previous post - for Alberta is $85000 - that's why I continue to say Aroway is still undervalued and potential is really good. Let's not forget Aroway is looking to be bought, and that's will happen above the average of 85000 per boe ...

"Birchcliff Energy Ltd. is the largest producer of oil within the Peace River Arch area. The company is currently trading at the premium price of $116,000/fboe which is a 33% premium to its peers in the area that have experienced a merger and acquisition since the start of 2012. Currently of the 7 acquisitions that have occurred in Canada in 2012, the average value on a per flowing barrel basis is $80,208. Aroway Energy could hold the most upside trading significantly lower than its peers at $65,000/fboe.

With so much activity occurring in the Peace River Arch, majors could look to facilitate more acquisition attempts in 2012. Last year, ATB Corporate Financial Services reported the number of Canadian Mergers and Acquisitions was 121, and of the 7 that have occurred in 2012 to date, 4 have occurred within Alberta near the Peace River Arch."

http://www.marketwire.com/press-release/alberta-oil-peace-river-arch-drilling-activity-increasing-1619268.htm