OCTOBER STATE MINERAL AUCTION RESULTS

42932 CADDO  16 T19N R14W 225.120 NO BID

42933 CADDO   16 T19N R14W 225.120 NO BID

Both tracts were nominated by Tacoma Energy Corporation.  The tracts required a minimum bid of $1000/acre and a quarter royalty.  Tacoma likely acting for Anadarko was not willing to bid the minimum.  The tracts are on the southern margin of Anadarko's N Caddo Haynesville lease block.  Previous bid tracts within the prospect boundary had winning bids of $538/acre and 22.5%.

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Replies to This Discussion

Permalink Reply by Coonman on October 18, 2012 at 3:10

Skip, do you think Tacoma is getting an override on the royalty?.......and that's why it is only 22.5%

Permalink Reply by Skip Peel - Mineral Consultant on October 18, 2012 at 3:13

Absolutely.  That's Standard Operating Procedure in the working relationship between a land company and a client.

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