Replies to This Discussion

Permalink Reply by Two Dogs, Pirate on December 10, 2008 at 14:59

Be careful in what you do. Sounds like small change to me but I would have to look at what they were buying.

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Permalink Reply by Skip Peel - Mineral Consultant on December 10, 2008 at 15:03

As leasing slows due to economic constraints, new companies will be seeking to join the play. I hope that someone with knowledge of Kouga Energy may reply to your post. However, if you can't google them, I would be CAREFUL. Never heard of them.

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Permalink Reply by Bobi Carr ("parker") on December 10, 2008 at 15:05

I looked in Bossier and can't find one lease of record to Kouga.

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Permalink Reply by Two Dogs, Pirate on December 10, 2008 at 15:10

Parker there is a broker named Kuba or something. Don't remember but he was trying to hire landmen several months ago on landmen.net.

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Permalink Reply by Two Dogs, Pirate on December 10, 2008 at 15:07

Does your lease have an option to extend with CHK?

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Permalink Reply by linda on December 10, 2008 at 15:15

No, we do not have an option to extend with CHK. They let a lease expire in my section in June. 200 acres. We have 91 acres.

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Permalink Reply by Bobi Carr ("parker") on December 10, 2008 at 15:21

linda,

There is a long time between now and June.

I would not sign a lease to some unknown. They could be completely legitimate. And then again they could just plan on flipping the lease.

MY FIRST ADVICE TO YOU WOULD BE TO MEET WITH A GOOD ATTORNEY NOW.

After all of the problems that others have experienced, you can avoid the pitfalls by having a good attorney to advise you.

I HIGHLY RECOMMEND RANDALL DAVIDSON IN SHREVEPORT.

Count your blessings that this time you will be able to enter into a contract well advised and well informed. Many of us would gladly trade places with you.

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Permalink Reply by linda on December 10, 2008 at 15:42

Parker, Our lease expires in January. CHK did not renew a lease in our section of 200 acres that expired in June. We have several friends who are landmen and have looked over our current lease and said it was a standard lease. If we should receive a new lease would you recommend these friends or go with an attorney? We turned down a top lease offer from Encana in May for $2500 an acre. Right now that looks pretty good. Damn if you do and damn if you dont!!!! Im thinking Kugua is in to flipping leases. The rep did mention something about CHK approaching them and wanting to drill on our property and they would tell them OK. I was not impressed at all with the rep and he didnt seem to know alot. I would like for others to know about this company in case they are approached. We would never lease to an unknown.

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Permalink Reply by Bobi Carr ("parker") on December 10, 2008 at 15:57

A standard lease DOESN'T protect YOU.

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Permalink Reply by ELLIS HUGH on December 10, 2008 at 16:00

go with an Oil & Gas attorney, not an attorney who claims to know the industry (big difference). You landman friends did not do you justice if they advised you to sign a "standard lease".

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Permalink Reply by Spring Branch,mineral owner on December 11, 2008 at 3:34

Even though money is obviously tight for CHK as regards leasing, I can't imagine them letting a lease on 200 acres in the core expire unless it simply "slipped through the cracks". What Township and Range is the tract in? Could it be that CHK has decided that it is out of the play?

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Permalink Reply by ELLIS HUGH on December 10, 2008 at 15:55

Could not find any mention of any organization using the name "Kouga" on sonris.

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