CHK says their 1.25 million net leasehold acres in the Utica Shale play could be worth $15 - $20 billion in increased value to the company, that is $14,000/acre. Put that value on GPOR's net committment of 55,000 net acres equal $770 million.
GPOR now says they hope to get up to 65,000 net acres in the Utica Shale with most of it in the oil window.
The Utica Shale is going to be HUGE for the state of Ohio and get a lot of attention next year.
GPOR
Re: GPOR
6:09AM Gulfport Energy beats by $0.01, beats on revs (GPOR) 34.12 : Reports Q2 (Jun) earnings of $0.57 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.56; revenues rose 90.3% year/year to $54.9 mln vs the $54.2 mln consensus.
complete report here---
http://finance.yahoo.com/news/Gulfport- ... l?x=0&.v=1
complete report here---
http://finance.yahoo.com/news/Gulfport- ... l?x=0&.v=1