roosevelt sale, page-34

Thai, understand what you are saying but disagree.

The Buying party are not only purchasing the land but also purchasing the Intelectual Property of each well. Although we paid $200 acre the total cost should include exploration cost.

6 Million for the land
24 Million exploration

30 Million Total.

$1000 Per acre.

If we weren't 12 Million over budget for those wells the calculations I imaging would be very different.

Instead of $1000 per acre it would be $600 per acre.

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