With more leases possibly granted in the near future we may have significantly more than a spare 40 million acres.
IF Oz takes off like America we could easily see $1,000.00 an acre...x 40,000,000 gives a MC of 40 billion!
RC said he'll make CTP's investors obscenely rich so,i guess starting with 40 billion ain't to bad considering we still have Surprise and the Pellinor carbonate play.
40 billion divided by say approximately 2 billion shares. Rats that's only $20 a share...It'll do i s'pose.
Jake.
One thousand an acre is achievable giving that inAmerica shale acreage is as high as 25,000 per acre.
CTP Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held
