SCOOP and STACK have all of a sudden become a hot topic in the news as a prolific gas producing play after spot Oklahoma has prices shot up.
'After witnessing WTI oil falling to -$37 last year, I thought nothing would beat that. But today's U.S. natural gas regional physical market is beyond-belief too. Oklahoma gas prices (OGT) have jump >$500 per mBtu earlier today (and closed at $377, up 10,795% on the week!!!)' https://t.co/m48OnwdxI9
The Fool article above suggests that
acreage prices for a compensation that 'neded' to sell acreage for cash sold for ~US$ 11200 /acre.
Brookside Energy has non operated producing exposure in the SCOOP STACK region of Anadarko basin to the tune of ~400 acres. The above article base values that land acreage potentially above US$ 4.4M. Not forgetting the maiden reserve report was completed on the above area
Search back into the early announcements of this companyto find SCOOP STACK material. Focus of late has been on Jewell, DSUs and ORION which is fair enough but would like to hear an update announcement on the status of the original test case project that drew me to the stock back then and provided and started me with a mountain of research and learning to O&G exposure
Keep well cheers Paul
SCOOP and STACK have all of a sudden become a hot topic in the...
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