Last time around we purchased 174,000 Acres for 4.7 mil. Given the recent discoveries of Caelus and 88 I believe the land will be more expensive this time around. The question in my mind is how much land are we targeting?
Do we want to get to our quota of 500k acres or just purchase the sections with promising leads identified by the seismic?
Time will tell.
Last time around we purchased 174,000 Acres for 4.7 mil. Given...
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