12-4 Valuing an American option: J B Drilling Company has recently acquired a lease to drill for Natural gas in the remote region of southwest…
12-4 Valuing an American option: J & B Drilling Company has recently acquired a lease to drill for Natural gas in the remote region of southwest Louisiana and southeast Texas. The area has long been known for oil and gas production, and the company is optimistic about the prospects of the lease. The lease contract has a three-year life and allows J &B to begin […]
