only a matter of time, page-40

OGG,

So far I haven't seen any real discussion by people on why they think that AZZ is going to get the same price as PXD did in their deal.


A quick recap of PXD's deal:

1. $266 million cash; $879 future drilling

2. 2000 sq miles of 3d seismic

3. 28 million cfd production

4. 6 completed wells (5 on production) plus three awaiting completion

5. Above infrastructure

Now I really doubt that AZZ property/leases are the same as the above.

So I guess we'll just have to wait and see, but IMO $12,000 an acre is pure plain hype and it makes the company look bad.