Great , thanks.
As you said, both producing the hydrocarbons and selling the acreage will make money for the company where selling the acreage will bring that forward.
I guess it is a matter of scale , the desired pace of growth , and what are the available opportunities to upscale the business in terms of undeveloped acreage, drill, revalue and sell again... vs developing the acreage and benefit from the considerable cashflow that will come to the company but at a slow pace in net terms, considering the considerable capital expense of drilling those wells.
That is why I favour the middle road, where they have their cake and eat it. Sell one zone, use the cash to develop the other and receive substantial early cashflow with a long tail annuity style later, whilst at the same time, continue to acquire more undeveloped acreage to repeat the process.
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Great , thanks. As you said, both producing the hydrocarbons and...
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