% | $
Quotes you view appear here for quick access.

Chesapeake Energy Corporation Message Board

  • railhead23 railhead23 Feb 25, 2013 10:47 AM Flag

    $1,000 Per Acre Sale Price

    after deducting existing production. A long ways off from Aubrey's math of $7,000 per acre valuation. I bet CHK paid more than $1,000 per acre to lease this by their "land machine".

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The CHK announcement says all future exploration and development costs in the joint venture will be shared proportionately between the two companies with no drilling carries involved. So CHK gets no reimbursement for its drilling costs already incurred (compensation for that is included in the 1.2 billion $) and the two 50% owners share future drilling costs 50/50.

    • Using my math 50% = 1,400.00 DBL that = 2,800.00 .... It's still cheap,but I think the details will be interesting.... The stock is acting like they pay similar to what cnooc paid for drilling costs.. Those are lease prices ..They should pay a majority of drilling costs... If not the stock will take another dip......

5.14-0.25(-4.64%)Jul 25 4:02 PMEDT