GREY:GTMIF - Post by User
Post by
livermore2on Jul 28, 2011 8:39pm
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Post# 18885508
Utica Valuation?
Utica Valuation?
Utica is starting to gain attention of the majors. Just wait until we get the green light in Quebec - this is the investment of a lifetime!!!
Quote from article below:
"Chesapeake, based in
Oklahoma City, has leased 1.25 million acres in the Utica Shale, a formation that stretches beneath the Eastern U.S. from
Tennessee into
Canada. Chesapeake said its acreage in the Utica, which is concentrated in Ohio, may be worth as much as $20 billion."
https://www.bloomberg.com/news/2011-07-28/chesapeake-s-second-quarter-profit-rises-as-oil-output-climbs.html