Ease up a bit Woody, some really good history here about sand/salt domes or haven't you yet realised GGP/VIL are sitting on something they consider big with Fausse Point, just at this stage no-one knows how big.
"Oil lands rapidly grew in value, but an effort was made to make room for all of them on Spindletop. Many acres were divided up into 1-64ths, which gave room enough to drill a gusher."
Don't you just love this bit, 1/64 of an acre spacing, that is 75 sq yards or 680 sq feet
Or look at it in comparison to houses, a large house on the Gold Coast canals is around the same area of 68 squares (680 sq feet) or 63 sq meters.
GGP Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
