Just went and read the article you posted - was definitely worth...

Just went and read the article you posted - was definitely worth the read.

http://www.proactiveinvestors.co.uk/companies/news/33106/Mako-Energy-looks-to-unlock-the-huge-potential-of-Duvernay-shale-holding--33106.html

Especially like this bit

"A back-of-the envelope calculation shows Rock Creek and the Duvernay together are worth around US$390 million,"

This was calculated based on a price of USD$2300 per acre.

also liked this bit

"In the Dvernay, packages near the known NGL hotspots have been going for as much as US$5,755 an acre in the recent stampede"

Looks like the land buy price was $40 per acre and KOG holds a 16% interest in Rock Creeek plus an 8% interest in the Duvernay Shale Project. The increase in value of KOG's assets is therfore significant, to say the least and these assets are potentially worth far more in real $ terms than the current markey cap.

Proposals for the farm out are due back to Macquarie in "late" October so I am expecting some share price action here very soon.

Throw in some good drilling results in November as the icing on the cake and we could be off to the races :)