I found the following article regarding gas valuations at the well head which may give some assistance and or provoke comment regarding the glv article proposing a potential gas reserve in the well of 2.2 trillion cf ..... obviously this is many multiples of our current share price ...
How much is a 1 trillion cubic feet of natural gas worth?It depends on a number of factors, including quality, location, contract delivery terms, etc.In the U.S., the value at the wellhead is about $3.00 per million BTU, which for 1,000 BTU gas is the same as $3.00 per thousand cubic feet.One trillion cubic feet would therefore be worth $3 billion at the wellhead (i.e., to the producer), which is kind of nonsensical because it will take a while to deliver that quantity .
There is much to look forward to with GLV i have traded many oil stocks but this is potentially the cream on my trading career i have never seen a permit so ripe for the picking with so much historical work and preparation completed
GLV Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
