Ann: Investor Update , page-14

Nice find estseon

as you point out there TXN has just under 8,000 acres vs the sale here of 4,300 acres

and

TXN’s next quarterly is due out by mid next week but their last production numbers were 299bopd and 430mcfgpd so even after ading in the new well (say 800boepd vs 2,900boepd mentioned above) it won’t be their acreages.

But still ... $227m/4,300 = $52.8k/ac .... WOW!!!!

No wonder TXN is drilling more wells. At $0.38/share the value of the 7,196 net acres is about $13k/ac and that ignores evertything else including cash