http://www.landandfarm.com/lf/s/63/8...

Approximate value of farmland in Tennessee = $1,601 per acre

Montello and partners paid approx $3 million for 243 acres of farmland plus mineral rights.

Cost of 243 acres of farmland = $ 389,043

Imputed value of reduction of 10% in hydrocarbon royalties = $2,610,957

Minimum value of oil & gas expected is $26 Million dollars which is approximately the value of the annual production of 800 bpd of oil from JB #1.