ctp jv valued at $12-$15 per acre, page-7

these sorts of deals, acre deals mcf deals are always low ball until they are realised in production... they do not reflect the values we are known to hold...
what we have on paper is worth less, but it makes sense the market cap is low with the emerging nature of these shales...
Its quite surprising that other companies have not picked up some nwe shares, made some serious offers, or taken the company out...
its still early days I guess, and everyone is waiting on flow rates... but anyone who is anyone already knows how much of a success this project is going to be...

the long term incomes are projected to be country making...

many more hurdles to come, but none more important than attaining market realisation for the quantities of gas/ and oil that we hold...
and thats when we start to make the real returns...
amongst many others, I thought this should have happened a long time ago...
I wait until its realised...