great business model,
sell some of the working interest in the first well, but they retained the PUD on block , re- future acreage sale potential.
Hopefully the market starts to understand, the two edge of this sword. Working interest in first well, and exposure to PUD / comes acreage sale.
The sale of acreage is on the stake in the larger block.
Its like building a display home at the end of the street of a new development, and renting it out.
But the land value of the rest of the block, that might afford another say 6 houses to build, goes up, as the rent in the first house rises.
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