LoriMcA
Member
- Joined
- May 16, 2008
- Messages
- 542
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any accountant types on here? I was just sleuthing my sunburn away and it's too complex for me to write it out but winterpet never went bankrupt,, as mentioned too hard to explain but their assets were pretty good for a junior junior; 145 sections of land and 2.5 MMcf/d (which I'm about to phone my sister about as she's a forensic acct for BIG junior o&g's).
to make your googlin easier, copy paste this query > current 2014 value of 2.5MMcf/d? <
^^^BBM
The land value alone is a fairly good chunk of 'asset'...92,800 acres...no matter where it is...and if it's oil producing....well...there ya go...JMO
ETA: Just as an example of crazy land prices - my B-I-L just sold 1280 acres (2 sections of a 10 section farm) ..no buildings...no mineral resources...& he sold cheap....almost 1/2 million.