Well, if you stand on the border of 88E's new $30/acre permit, take one step, and you're in acreage that OEL paid $342/acre for.
The GB acreage is worth a bit more (than $30/acre) since its covered by recent seismic. However the well control is concentrated into a small area to the North (Alkaid, Alcor, Merak) which is excluded from OEL's deal with GB.
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- 88e just paid ~$30 per acre
88e just paid ~$30 per acre, page-5
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