170.47 Would be Conoco paid over 7X more than ROYL
Avereage per acre 27.21 according to article pertaining to Conoco November 14,2012. I am sure Conoco along with the State of Alaska will be agressive to get Alaskas pipeline flowing.Incentives,Incentives,Incentives for all present in the AK up to and including the State itself!
Whenever there is no news with ROYL something big eventually moves this stock back up in days over 5 plus will happen with all the Big Oil AK presence, from any good news in AK now the potenial is Greater than ever!
Triple the price of the stock with Conocos activity in the AK and ROYL has the ability to be profitable.
AK leases are a very positive avenue for ROYL for either Conoco paid way too much or ROYL paid way to little but, the belief should be Conoco in all probability will make money in the AK for that is what they are in business for and a huge player in the AK!