Twin Cities Letter

Got this letter today. (see attached) Their last offer was $17500 back in August. From 0 to $17500 back to 0 in less than 90 days. This is one fast play. Hold on tight it may get wild in 2009. I can't see how anyone would believe the lease bonus can ever be worth less than their last high offer. If you wait awhile they'll get some practice with that horizontal bit and when it comes time to drill these holdouts we may see some monster wells. JMO

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Permalink Reply by H P Bryant on October 18, 2008 at 17:10
what s t r
Permalink Reply by RONNY on October 18, 2008 at 23:42
S7 T17N R14W
Permalink Reply by P.G. on October 18, 2008 at 19:11
Probably won't see much until there is a market for N. Gas.

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