Good find matsim, but the more I think about the jv, the more I think about a T/O?
I might have a simplistic view on all this but if I was Aubrey McClendon and it was possible? I would try for a on market T/O. Chesapeake would get most of there money they paid back, 1700 acres of hopefully the best land in Niobrara, and all of the bakken, producing oil, Rockies gas asset, two wells ready to be frac, diamondback, no more 3.8% royalties. That alone over the coarse of these wells would be a pay back? all this for say .07/.08- still a cheap buy imo. money would not be a problem with the Chinese sniffing around Chesapeake?
maybe sushi rubbing off on me? lol
Dr
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