WB,I was valuing the undeveloped acres only as a base case. Yes...

WB,

I was valuing the undeveloped acres only as a base case. Yes O, the developed acres are being valued at about $14k to $15k/acre. There lies the upside.

Forget the sellers in the mid 40's. You know most of them will disappear when the SP approaches and/or the spud date gets closer or even better - announced!

If you wanted to stack the offer you would place a large line a few ticks above the offer - not 25% above last sale,

all good!!

E