Absolutely Camry except it is much better than .11 TCF as it is...

Absolutely Camry except it is much better than .11 TCF as it is an overriding royalty.
1% OORis generally considered to be equivilent to between 7 and 10% share as there are no costs.
Optimistically if there was 10 TCF and using the 7% figure then the equivilent would be 700BCF at say $0.50 per thousand (ballpark inground figure), then we are talking about 350m. Fully diluted is 225m shares (off the top of my head) so talking about
350 :- 225 = $1.55 per share + discovery payments + hugely upgrading value of the permits.
Fingers crossed. Never know your luck in the big smoke!