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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Last
12.0¢ |
Change
0.020(20.0%) |
Mkt cap ! $136.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 12.0¢ | 10.5¢ | $191.0K | 1.709M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 175000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 868451 | 9 |
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