That shouldn’t be much of a surprise, there are plenty plays with over 500 wells to extract the gas. And that’s why 1 TCF in the ground is worth $1B whilst it is worth $13B wholesale.
3 TCF = $3B to buy the play, $3B to develop the play to get $39B in wholesale value.
Ann: Corporate Presentation, page-13
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Mkt cap ! $124.7M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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