been buying this week, but trying to raise the rest will be hard,,, lol.. may have to trade in the wifes ferrari 250 gto for 25 mill,,, and then theres the yacht..
mmmmm
$110 mill for the 7200 efs acres is a pretty good price..
$15k per acre.. i have seen bids for $67 k an acre recently and the directors rejecting it saying thats not in the ball park..
i personally know landowners whom have been paid $14k per acre with out any wells drilled within 3 miles when the deal was struck
low .50's seem fine buying to me when you consider even the lowest bid of $25k per acre gets you a $196 mill cash windfall
john armstrong has said a month or so ago that the eur's look to be 600,000 boe.. $55 mill per well is pretty nice real estate with potentially 90 wells all up..
$25,000 gets you $196 mill or .80 a share cash value
$30,000 gets you $227 mill or .92 a share cash value
$35,000 gets you $263 mill or $1.08 a share cash value
$40,000 gets you $303 mill or $1.23 a share cash value
$50,000 gets you $379 mill or $1.54 a share cash value
i will buy as much as i can and i would vote down any offers on the acres that are lower than todays market cap
pretty sure plenty of others would too
TXN Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held
