i am getting the impression that shareholders believe CELs 45000 acres are almost equal to 487000 net acres in the Fayetteville play.
Would have thought the value is in the proportion of acreage that produces, not how much land you own. Get your point though, companies are very good at attention grabbed headlines for announcements, and CEL's announcement today is up there with the best. Still at a current marketcap of $36mill, it looks like a decent risk/reward play.
CEL Price at posting:
21.5¢ Sentiment: None Disclosure: Held
