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  "authorName": "David Einhorn",
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  "presentationDate": "2015-11-16 00:00:00",
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  "notes": "The slide includes a narrative note about the drilling restart timing and a source citation.",
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      "text": "Drilling restarts in 2018\n54 Tcfe developed over 55 years\nGas price at forward curve until 2027; then grows 2% per year\nOperating costs continue to decline towards top-tier peers\nCapex of $0.95/Mcfe\nCorporate WACC of 8.4%",
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      "text": "These are the critical assumptions in our DCF. Notably, we assume drilling restarts in 2018 even though I think gas prices will improve faster than the market thinks. I’ll get to that shortly.",
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      "text": "Source: Greenlight estimates. Please refer to accompanying shale gas discounted cash flow model for details and assumptions.",
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