Thanks, I think it is a matter of being patient for this information. I take your point that this is a land play but the land is only as valuable as the hydrocarbons it produces so data on existing production will influence how much the acreage will fetch if it is sold or yield if it is JV'ed and drilled with a free carry to BRK. In order for Black Mesa to come up with a PV10 value (presumably reserve report format as is usual in the US), the engineer has to base future production on past results of nearby wells. Good IP's and a lower than expected decline rate will be extrapolated across the field and enhance values significantly. It is completely appropriate that this information not be provided to market until the certified numbers are released.
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Thanks, I think it is a matter of being patient for this...
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