txn & sea in pre open, page-16

Sorry about the double post due to a technical glitch (both have same post number)-- asked HC to remove one.

Whynot, TXN own nett 7,196 acres of EFS. I only have an estimate of value from the April 2012 RBS report:
"Our valuation range for the Eagle Ford asset is A$200m-279m before tax (A$0.82-1.14ps), based on the level of interest, the quality of the acreage and the strategic value to potential bidders."

Other have mentioned value ranging from $25k to about $40k per acre, so $180M to $290M. However, TXN now has a joint partner on some EFS land and they in the midst of drilling across that property, which could complicate matters.