XTO'S reserves are approx 45Tcf..... $688Mil p/Tcf. Not sure what value US/Europe put's on gas (per Tcf) and whether the current T/O is above or below "going rate". It will certanily be interesting to see the Big Boys (Shell, Exxon, Petronas, etc) play out the gas sector over the next year or two. you can all but guarentee that Exxon won't be the only one to initiate a T/O (all script offer) now that the first move has been played.
