notes from this mornings presentation, page-30

"(However, we valued the acreage on its fundamentals. That is, we assessed the risks and costs associated with finding and proving gas reserves in the area. While we paid less than $2 per acre, this does not reflect our view of value. More recent transactions in the area have been reported at prices up to $150 per acre)"

Well Jusik, if that is the case, a good Manager/Investor would then sell less than 1.5% of the area to get his initial outlay back, plus more, have the remaining area free carry and, BOB'S YOUR UNCLE.

Buddy