Rocco,

I think you're right on the mark about $ 30 sp using today's O/S value and that would be a near term figure once all depths of the first few wells are tested and fracs are completed. In an upside scenario the Lorraine could hold much more than 1000 BCF per section ( 1TCF) which is 10X as much as the original valuation was based on so even 30 Bucks is conservative in my eyes. Our friends from Norway have a target of 1000 NOK = 200 CAD on it considering a good market.

JQ:)