Analysts said that Chesapeake needs to raise about $8 billion to...

Analysts said that Chesapeake needs to raise about $8 billion to fund its capital spending, but the company may not meet its projected price of $12,000 to $16,000 per acre for a joint venture sale of about 30% of its Utica shale in Ohio.


remind me again but what did SSN pay per acre?
and
what did they sell acreage for? $3200 per acre?

SSN sp based in part on a discounted cost per acreage of what was it again?



Now if i'm reading this right and CHK manage to sell at even $12000 per acre what does it say about the value of the land of SSN and more importantly the sp of SSN?

on 40000 acres alone that equates to $480,000,000 which in itself is more than twice the current market cap!