Ann: Wilcox drilling campaign commenses - Heintsc, page-9

re: Ann: BUR: Wilcox drilling campaign commen... Great article about Marcellus:

Natural gas boom brings riches to a rural town

http://www.reuters.com/article/idUSTRE6341Y420100405

"The boom has also transformed the lives of some local farmers who, after struggling financially for years, now find themselves with six- or seven-figure checks from the gas companies in return for leasing their land for drilling...Energy companies are paying around $2,500 an acre"

1km2 = 250acres

so 1km2 of shale bearing acreage in Marcellus is selling for over $US600,000

for a junior like NSE, size really does matter. raising enough capital to go into production would dilute the company too much, but carving up the Goldwyer could become a multi billion dollar earner for very little outlay.