Welcome To The Questerre Energy HUB On AGORACOM

(Edit this message through the "fast facts" section)

Free
Message: Utica value...

http://news.businessweek.com/article.asp?documentKey=1376-LTY4U21A1I4H01-36FQB149S8J7JKFR3SSIKRR260

Chesapeake sold some of it's utica shale properties today. The value that was given to the utica shale in this deal is approx $15,000/acre. My mouth dropped when I read that. To think, they don't even have a lot of information or results and that's what it's going for.

If our Quebec acerage of 330,000 net acres was sold for that, we'd be looking at about a $22 share price. Heck, give me a a fifth of that and I'd be happy.

Amazing what can happen in places that think with logic and encourage the economy.

Our day will come.

Rocco :)

Share
New Message
Please login to post a reply