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Permalink Reply by Phillip Ware on September 7, 2008 at 3:30

I have no knowledge of what he knew. I only be became educated within the last six weeks or so and assumed the knowledge of Barnett and Haynesville had been known for some time (before 11/07).

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Permalink Reply by Phillip Ware on September 7, 2008 at 3:31

P.S.: Thank you for your reply.

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Permalink Reply by Phillip Ware on September 7, 2008 at 3:37

Thank you! Now maybe I can have a little peace.

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Permalink Reply by Iris on September 7, 2008 at 6:17

HBP, the small x in the upper right hand corner of your "posts" or replies gives you the choice of deleting individual comments or replies.

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Permalink Reply by mike wilson on September 7, 2008 at 4:29

Phillip here is an analogy for you: Let's say you sell your house in 2005 for $100,000 and then find out in 2008 it is worth $800,000 for what ever reason. Who are you going to sue? In louisiana oil and gas leases for mineral estates have been negotiated for years even decades at an average of say $100-$300/acre. The oil companies made billions in louisiana over this time frame. Are all those land owners who let leases for the cheap binus money able to sue because they were short changed? Even when a company has knowledge of a well that has been drilled and logged and then goes out to finish putting their lease block together at the same prices they started at is probable not liable for anything but the royalties agreed to in the new leases. Many people have leased their land in negotiated deals for the same money are less then you, including professional oil people, do they have recourse?

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Permalink Reply by Bobi Carr ("parker") on September 7, 2008 at 4:39

Phillip,

Be thankful that you hired an attorney. Those of us that did, at least got some good provisions in our lease that we would not have otherwise gotten.

If you have any recourse in the form of a suit it would be against the Gas company themselves.

Then you would have to prove that fraud occurred.

Your time on your lease would be "suspended" until the suit was resolved.

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