Overall it's quite a good result, much closer to 10K an acre...

Overall it's quite a good result, much closer to 10K an acre rather than the ridiculous 3K an acre some here were predicting. I guess all that industry knowledge some on here claim to have has prevented them from making a killing on AZZ.

I suspect we will see a share price at least double from the lows of 30 cents a few months ago. Glad I dipped in to buy some more at those prices.

Good points are the plan to pay very little tax through capital redeployment, while the share buyback should lend extra support if the shares slide back toward cash value.

And the best part of the play they have kept, the Petrohawk term assignment, 110 wells free carry, that's magnificent. The 8000ft well is awaiting fracture, if these continue to be good this block has to be worth a lot to the company on top of the cash value from this sale.