When will drilling begin?????
I own property on Line Avenue near Ellerbe Road. It was leased by Cheasapeake for a reasonable price. Any indications when drilling might begin?
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Permalink Reply by Two Dogs, Pirate on -
Lots of things come into play in determining when drilling will begin. How much time is left on your lease? How much time do the large landowners in your section have on their lease? Does the OGML have options to extend? Time is the main factor in what they hold. Do we drill it or do we pull the extension? Do we wait till the end of the term of the lease and bid what we have to? Who knows? The companys will gane ground anyway they can, so be carefull and lease to the most capable.
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