all things valuations in the permian basin , page-140

If you want to know the starting point of the jv then look up the LOI that they signed with Terrace Energy, on the outside and with only limited information disclosed didn't seem that bad. Any cash component that can allow for a expediated horizontal drilling program will see the SP rise significantly over the near term. With a JV done hopefully we will see more transparency and not only free flowing information but also oil.
This week could be make or break.