recent efs sale, page-2

taken from

http://www.cbsnews.com/8301-505245_162-57430738/marathon-oil-to-buy-paloma-partners-for-$750m/

HOUSTON — Marathon Oil plans to buy privately held exploration and production company Paloma Partners II LCC for $750 million in cash.

The deal is expected to close in the fall, said Paloma, which owns about 17,000 net acres in the Eagle Ford shale in Texas. Production on its land as of April 1 was about 7,000 barrels of oil equivalent per day, the company said Wednesday.

Paloma's major shareholders are oil and gas company Paloma Resources LLC and investment firms Encap Energy Capital Fund VII LP and Macquarie Americas Corp.

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TXN has working interest in 7712 acres. High oz gold resources tend to sell at a lower price per ounce than smaller mines as there is more risk.... unsure how this translates to oil, I assume the discount would be there but be smaller.

@ $45k/acre it works out to be $324 million cash, looks like it has the potential to exceed $1.35/share......

Ask your self this, if the market is aware of the recent sales and txn's eagle ford project (as they obviously are) then why is the s.p. currently mid 50c?..... $1.35/share looks quite unlikely given current conditions/current measured resources.

Also if the cash received for eagle ford is spent only on further acquisition and development how much of a discount will be put upon the share price..... think bhp