Ann: Transforming New Standard Energy , page-15

You forgot to mention:
- debt
- no near term development of OZ shales.

Can you say that NSE would not have been better served buying acreage in Eagleford Shale on the free market?

I know STX might have been willing to sell theirs, for example, for lot less (albeit requiring development expenditure).

With that cash, why didn't NSE just approach AQO for a modest farmin to PEL 570?