amep
you say group play ...possible ..
but AMEP HAS 7000 acres of land in the barnett shale..
see what morgan stanley said?
150 BCF per per 1,000 acres
math is easy..
and 1.9 cents seems cheAp..lolol
MORGAN STANLEY SAYS
NYSE:MWD), the Barnett Shale play is estimated to hold reserves in the non-core area that could be as high as 150 BCF per 1,000 acres
According to an in-depth 2004 sector report on the Barnett Shale, developed by Morgan Stanley (NYSE:MWD), the Barnett Shale play is estimated to hold reserves in the non-core area that could be as high as 150 BCF per 1,000 acres. The report estimated that because of the amount of gas available in the area, successful wells in the Barnett Shale should be economically viable in almost any gas price environment. There are 75 rigs currently operating in the area.