There is an interview in the Energy Report with Keith Schaefer from the Oil and Gas Investments Bulletin that mentions Lynden Energy Corp. (click here for link from the Before It's News website). Towards the end of the interview (you may have to view it on the 2nd page), Schaefer mentions that LVL is "a really interesting story." He states the following:
1. Mitchell Ranch is a big land package that is very rare because it is one contiguous block.
2. If Mitchell Ranch were to be spun out and IPO'd, it could "probably get $250 million for it, worth $2.50/share).
3. Lynden raised its own money and therefore, doesn't get a lot of research from the Street, "It's a bit of an undiscovered gem."
4. Lynden's Wolfberry production "justifies the price of the stock on its own, so you're basically getting Mitchell Ranch for free." (Note, see our 10/31/11 analysis where we discuss buying an oil field for free, much of that analysis still applies.)