Certainly not the announcement I was expecting or hoping for....

Certainly not the announcement I was expecting or hoping for. Interesting though.

I still see this as a real estate play. The land with the best oil in Texas has sold for $100,000 per acre. Helios rate the land in Ojinawa play as better than Eagle Ford Shale. If they are right then this is very, very valuable land and they are sitting on a fortune.

I am hoping that Helios are quietly accumulating as much land as they can before anyone else tries to get in on the action. The oil field is 300,000 acres and I am hoping they get it all. If they can accumulate the whole field and the land is as good as they say then you can do the maths.