RE: GWY - No plan to drill fractions? This find is big, but I am a little intrigued as well.
If everything is sewn up from the deal perspective, and we are just waiting for concessions to transfer, then what is the need for this back of the envelop calculation. Does this mean that we are some distance from the deal finalization and this is a signal to entice the other party - drive home the potential value of fractions to them? Or, the deal is infact in place but this is 'covering the tracks' from a valuation perspective when it is announced?