Monty Jennings, CFO
Every acquisition presents its own financing opportunity. The one we just completed — the bank came forward with a very good cost of capital. It is still under 3%. We went that route, but every acquisition part of the discussion is the financing aspect of it.
Jon Kruljac, VP Capital Markets and IR
Even on that acquisition you saw that we were negotiating all the way up to closing. They went from 30% stock to 40% stock.
Kim Pacanovsky, Imperial Capital
Right.
Jon Kruljac, VP Capital Markets and IR
That was something we felt needed to be done based upon how the market had changed. They were more than willing to take our stock as currency. We will continue to look at that going forward what makes sense, what’s accretive and is it a stock or cash.
Kim Pacanovsky, Imperial Capital
Okay. Then just a follow-up on the non-core asset sales, what kind of levels of non-core assets are available to you to actually sell?
William Scaff, Co-CEO, Treasurer
From the standpoint of what we were looking at because tipping our hand is – there are just some various leases or there are various vertical wells that are eventually going to be impacted. There are just other assets that probably do not slate into our plan moving forward.
Kim Pacanovsky, Imperial Capital
Okay.
Monty Jennings, CFO
Again, I would like to just leave it there.
Kim Pacanovsky, Imperial Capital
Okay. That is fine. Thanks a lot guys.
Operator
Thank you. Our next question is coming from the line of Welles Fitzpatrick with Johnson Rice and Company. Please proceed with your question.
Welles Fitzpatrick, Johnson Rice and Company
Hey, good morning.
William Scaff, Co-CEO, Treasurer
Hey, Welles.
Welles Fitzpatrick, Johnson Rice and Company
Can you talk a little bit about how you guys are thinking this completed well cost reductions might be treated in the February redetermination? Is there any difference typically in how Ryder Scott might treat say pricing versus design savings?
Ed Holloway, President, Co-CEO
One thing, it is going to be — what we talk from a Ryder Scott about is getting a really reflective current AFE cost. That is going to be critical across the board. That is a real a real critical factor in the reserve base determination and then the price deck and everything else. It is going to be interesting how they are going to treat these 29 wells, and then most likely none of those will be completed in the quarter. We just have to work that through with them and see what their confidence level is. One thing that we are seeing is that they are feeling more comfortable not with more data basically link the time data and decline curves as you spoke about earlier. They are getting more comfortable in certain areas in the Wattenberg especially, where their confidence level is a lot higher than it was a couple of years ago.
Craig Rasmuson, COO
Yes. Well, the rules are pretty specific for an SEC reserve report. On the pricing, as you know, we use that 12 month to look back. It is just part of the rules. The rules were current costs. When we do our February redetermination, we will be based on what our February actual costs are and then we will go through that. They will be updated from August to February at that point in time.
Welles Fitzpatrick, Johnson Rice and Company
Okay. Perfect. Then if I could just do one — more any update on maybe a 50 or 60 day rate on the mid length Codell, Niobrara wells from the Eberle pad?
Jon Kruljac, VP Capital Markets, IR
Well, we usually do not give out that kind of interim data. We do not have the 60 days. We will have that shortly. Look for something on those in an offset date here in a few weeks.
Welles Fitzpatrick, Johnson Rice and Company
Okay. Perfect. Thanks so much.
