amadeus unexplained rifting, page-27

Let's see: 3P CSG gas deals have been done at a low of $0.40 per gigajoule (BG/PES) or around $400 million/tcf in the past year. If CTP goes to $8 its market cap will be $8*580 million = $4.6 billion. To get to that figure CTP will need 4.6/0.4 = 11.5 tcf of 3P reserves. 11.5 tcf is a lot of gas, but not an incredible amount, given that the estimate of total reserves in the CTP tenements is 250 tcf. And that's just gas: there's also the helium and potential for oil and UCG. So Camdenbob's $8 is not necessarily the ravings of a lunatic, and may even turn out to be too conservative.