Thursday, February 23, 2012

Oasis Trading At Unadjusted Basis of $11,000/Straight Acre OR $6,000 Per Production Adjusted Net Acre

Highly discounted compared to KOG's trading basis per acre

KOG trading at unadjusted basis of $20,000/straight acre OR $8,000 per production adjusted net acre. Numbers rounded.

Also, Z Man says "should OAS achieve their guidance the $ per acre falls into the negative."

Wow -- carrying acreage at negative value.

Link here to

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