Questerre Energy Corporation

http://www.bloomberg.com/news/2011-02-21/bhp-buys-chesapeake-unit-for-4-75-billion-adding-u-s-shale-gas-assets.html

According to that article, they paid almost $5B for 10tcf of reserves, but later in the article it says they paide $1.98/mcf. The numbers don't add up properly, but either way it still values our play WAY above where it is right now.

At $5B for 10tcf, that rates our 5tcf of Utica at about $10/share. At $2/mcf that values us at about $43/share. Something is wrong with the math, but hey, it's a FAR cry from $1.50 a share.

Brym