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GMX Resources Inc. Message Board

  • panalta2000 panalta2000 Nov 13, 2012 6:34 PM Flag

    ZAZA:NASDAQ $1.80 + $.43 150,000 Net Eagle Ford acres worth $1,5 billion

    ZAZA is up $.43 00 $1.80 but is just starting its rebouns to $5:
    -150,000 net acres in thickest part of Eagle Ford formation.
    Eagle Ford iis selling for $10,000 - $23,000 per Acre. ZAZA HAS 150,000 NET ACRES WORTH AT LEAST $1.5 BILLION.
    -Minimal debt and well capitalized, Just received $69 MM from Hess.
    -In the prrocess of selling shale assets in France that shoud give at least another $50 MM.
    -Currently fracing anew Eagle Ford well, results will be announced soon.

    Most in the industry point to Petrohawk Energy (acquired by BHP Billiton – NYSE: BHP) as the first company to realize the potential of the Eagle Ford — Potential which many see today, such as Marathon Oil (NYSE: MRO). Its COO Dave Roberts has stated that the Eagle Ford is the best play on unconventional resource liquids in the United States today and perhaps even the world, calling it “the top basin we have in the world today.”Marathon is putting its money where its mouth is, spending roughly 30% of its $5 billion worldwide budget on the Eagle Ford. Marathon alone expects its Eagle Ford production to grow from 9,000 bopd in Q4 2011 to 100,000 bopd in 2016.

    These factors have led to a land boom in the Eagle Ford in Texas. The cost of drilling rights there has risen from less than $4,000 an acre at the beginning of 2010 to more than $20,000 an acre according to IHS Cera. Some deals have priced the land higher.

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