Yes.
Doesn't matter what the SP is now, or even if it stays here for some time. When the acreage is leased up and proved up, value will be multiples higher than the currently valued $5k/acre:
"Excellent single well economics and Estimated Ultimate Recoveries (EUR’s) provide catalysts for very significant per-acre value growth."
They are not wasting any time in securing these leases.They have already got 10% of the targetted 8,000 acres. That's an additonal 800 acres in the bag.
All that is required here is a little patience.
Money in the bank.
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Yes. Doesn't matter what the SP is now, or even if it stays here...
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