Great Bear/Otto deal/Icewine value !!!

http://www.nextoilrush.com/drilling-weeks-unlock-world-class-shale-play-months-catalysts-ahead/

Note that the implied acreage value with the initial farm-in is 58,000 acres for $342/acre

BUT the option on THE ALKAID DISCOVERY AREA is

$25 Million for 1824 acres or a STAGGERING $13,706/acre.

Now that's extremely interesting given those Eagle Ford transaction acreage values that went from $6,000/acre all the way to $50-60,000 when oil was peaking.

The Otto option is however CURRENT and reinforces what they possibly have at Alkaid.

If we apply this to the Patersons PROSPECTIVE(discounted on net) acreage value of 141,649 acres I do believe we get a tad higher than Patersons !!!

141,649 acres X $13,706/acre = $1.94 BILLION

Now who was saying this has Billion market cap potential ?

It wasn't me until NOW !!!

d.