In the past two and a half months, there have been eight deals relevant to Lynden Energy Corp. (LVL) and the Wolfberry Trend. These deals range from $4,272/acre to $19,354/acre.
With LVL now having approximately 7,000 net acres in their Wolfberry core area and a 50% interest in the 101,495 acre Mitchell Ranch project, the math alone translates into a MUCH higher stock price! The reserves in LVL's Wolfberry play have been independently valued at $64 million (PV10) based upon $70/barrel oil. LVL's Wolfberry land may have more potential than neighboring land which was likely used for the PV10 valuation as LVL's announced flow rates show that their land is highly productive.
If LVL can get the results they are looking for in their Mitchell Ranch project, we could be looking at a company with a future market cap of $500 million or more!