Standard in the US. Lease the acreage (3 to 5 year term), drill it (one well in each unit) then you own it...
In the interim there is a liquid market in trading the leases. Hence comments from the MD re acreage values going from $1k to $16k in 12 months.
GLTAH
Standard in the US. Lease the acreage (3 to 5 year term), drill...
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Last
1.0¢ |
Change
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Mkt cap ! $45.34M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $248.7K | 27.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 22920427 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 14892506 | 9 |
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