The Acreage PrizeFPL may just have its luck turn. The key to the...

The Acreage PrizeFPL may just have its luck turn. The key to the JW Powell well is for Schlumberger to be able to say that the technique works in the Niobrara (let's think of it as a demonstration well). I would be very surprised if Schlumberger did not go from not wanting to be disclosed in the FPL announcements (in case the well was not a success), to highly visible and helpful and explaining the results. Then FPL’s acreage may be worth significantly more than what it is currently priced. At $0.011 a simple acreage calculation is US$444 per acre. This is a big gap to the Wattenberg field up north, where a low price is ~US$5000/acre and they have traded recently as high as US$15,000 per acre. If I discount the low end (US$5000) by 50%, that is US$2,500 per acre. With the current share structure and exchange rate, that is a price of ~$0.065 for FPL (this is not a forecast). I acknowledge there is a lot more to do to unlock that value, and risks, however, the discount is very wide, and uniquely FPL owns 100% of the 21,500 acres.

This is a possibility, FPL is cash positive or close to it again, Plenty of Upside, Gas Revenue ,Awaits ,Interesting Days Ahead,