Bear in mind, the initial well is located on 199.05 acres.A...

Bear in mind, the initial well is located on 199.05 acres.

A small portion of the total land area.

They are offering Terrace a third of the total land area,but say they are retaining 66% for further monetisation.

The company is cash poor,so they cant afford a large stake in a proof of concept well.

Lets just hope they have a decent working interest left after the initial horizontal well is drilled.

Success will change land values from several hundred dollars to several thousand dollars per acre.

I am merely trying to decipher the puzzle from publicly available information.

If you give a fool a diamond they will lose it every time.

I am backing managements vast, multi-decades of experience and the fact that they have developed and sold similar olmos acreage before.

May the new year bring all that you wish for.