RE:Math tells me that VLE Expected Value > $64/share?My take out target is $2.5 Us Billions or $36 Cdn per share. This is based on 50TCF .
The D&M report only include part of the bassin, by going deeper , adding The mezardere, and with more wells, both the thickness and area will increase.
Since it is unconventional, the price per mcf is lower than conventional, however since no LNG process is required, and due to high condensates content, $0.50 per mcf seems apropriate.