Previous Chesapeake Press Release

Was it Chesapeake that stated that each acre in the core area was worth potentially up to 250,000/acre given the right circumstances? Please, anyone correct me if I'm wrong. If I am correct, could anyone post that particular press release link or show me where to look? Thanks.

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Permalink Reply by Scott on May 17, 2009 at 5:08
Thanks KB. I'll check it this afternoon.
Permalink Reply by Spring Branch,mineral owner on May 17, 2009 at 8:54
Its value is clearly related to the value of Nat gas. I don't think Chesapeake envisioned Nat gas going to $3.50 if and when they made that statement.
Permalink Reply by alleyboy on May 18, 2009 at 2:44
How can they tell where a core area is if they have not drilled in lots and lots of sections? I believe there a core area around the cross lake area.
Permalink Reply by Checkmateking on May 18, 2009 at 5:59
The wells north of Cross Lake have been less than exciting, there really haven't been any just to the south of it. I would expect The Cross Lake area to be a township too far north to be in the true core area.

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