>Hope you don't mind Lanman

Not at all. I'm surprised nobody has mentioned Transerv's share price. It hasn't moved much. But that's understandable since Transerv only has a 10% interest in the play, and has over 800 million shares outstanding. Who said Falcon has a lot of shares :)

It's also noteworthy that in their investor presentation, they say the Warro Field has 2.1 TCF estimated recoverable gas with a NPV of $2 billion. That's yet more confirmation that tight gas is worth approx $1 billion per TCF.