OCTOBER STATE MINERAL BOARD AUCTION RESULTS

1 41640 BOSSIER 1, 12, 16, 17, 18, 19, 20, 21, 4, 5, 6, 7, 8, 9 T19N R13W, R14W 48.000 NO BID .000 $0.00 $0.00 $0.00 0.0000000 0.0000000



1 41641 BOSSIER 1, 2, 21, 22, 23, 24, 25, 26, 27, 28, 3, 31, 33, 34, 35, 36, 4 T18N, T19N R12W, R13W 28.000 NO BID .000 $0.00 $0.00 $0.00 0.0000000
0.0000000



 1 41642 BOSSIER 20, 21, 28, 29, 32, 33, 4, 5 T18N, T19N R13W 45.000 NO BID .000 $0.00 $0.00 $0.00 0.0000000 0.0000000



 1 41643 BOSSIER 27, 28, 29, 3, 30, 31, 32, 33, 34, 35, 4, 5, 6 T15N, T16N R11W 56.000 MATADOR RESOURCES COMPANY 56.000 $509,600.00 $9,100.00 $254,800.00 0.2100000 0.2100000



 2 41643 BOSSIER 27, 28, 29, 3, 30, 31, 32, 33, 34, 35, 4, 5, 6 T15N, T16N R11W 56.000 20445 MATADOR RESOURCES COMPANY 56.000 56.000 $415,296.00 $7,416.00 $207,648.00
0.2500000 0.2500000



 3 41643 BOSSIER 27, 28, 29, 3, 30, 31, 32, 33, 34, 35, 4, 5, 6 T15N, T16N R11W 56.000 PARAMOUNT ENERGY, INC. 56.000 $337,736.00 $6,031.00 $168,868.00 0.2500000 0.2500000



 1 41644 BOSSIER 4, 5, 8, 9 T15N R11W 1.000 20446 PARAMOUNT ENERGY, INC. 1.000 1.000 $5,031.00 $5,031.00 $2,515.50 0.2500000 0.2500000



 1 41645 NATCHITOCHES 23, 24, 25, 26, 35, 37 T11N R10W 5.000 NO BID .000 $0.00 $0.00 $0.00 0.0000000 0.0000000



4 - STATE AGENCY


41667 CADDO 23 T17N R15W 2.682 20461 PARAMOUNT ENERGY, INC. 2.682 2.682 $9,470.14 $3,531.00 $4,735.07 0.2500000 0.2500000



1 41668 DE SOTO 17, 20 T15N R14W 8.102 20462 PARAMOUNT ENERGY, INC. 8.102 8.102 $40,616.33 $5,013.12 $20,308.17 0.2500000 0.2500000



1 41670 SABINE 20 T15S R1W 27.000 20464 PARAMOUNT ENERGY, INC. 27.000 27.000 $54,351.00 $2,013.00 $27,175.50 0.2500000 0.2500000



 1 41671 SABINE 20, 21 T15S R1W 4.000 20465 PARAMOUNT ENERGY, INC. 4.000 4.000 $8,052.00 $2,013.00 $4,026.00 0.2500000 0.2500000



 1 41672 SABINE 20 T15S R1W 6.000 20466 PARAMOUNT ENERGY, INC. 6.000 6.000 $12,078.00 $2,013.00 $6,039.00 0.2500000 0.2500000



21 - VACANT STATE LAND



41684 CADDO 13, 14, 23, 24 T17N R15W 53.723 20471 PARAMOUNT ENERGY, INC. 53.723 53.723 $189,694.15
$3,530.97 $94,847.08 0.2500000 0.2500000
1



22 - TAX ADJUDICATED LANDS



41679 CADDO 34 T17N R15W 5.000 20467 PARAMOUNT ENERGY, INC. 5.000 5.000 $17,655.00 $3,531.00 $8,827.50
0.2500000 0.2500000



 1 41680 CADDO 34 T17N R15W 20.000 20468 PARAMOUNT ENERGY, INC. 20.000 20.000 $70,620.00 $3,531.00 $35,310.00 0.2500000 0.2500000



 1 41681 CADDO 1, 2, 35, 36 T16N, T17N R14W 5.000 20469 PARAMOUNT ENERGY, INC. 5.000 5.000 $22,655.00 $4,531.00 $11,327.50 0.2500000 0.2500000



 1 41682 SABINE 19, 20, 29, 30 T09N R12W 41.000 AUDOBON OIL AND GAS CORPORATION
41.000 $205,000.00 $5,000.00 $102,500.00
0.2000000 0.2000000



 1 41682 SABINE 19, 20, 29, 30 T09N R12W 41.000 20470 PARAMOUNT ENERGY, INC. 41.000 41.000 $98,933.00 $2,413.00 $49,466.50 0.2500000 0.2500000



 2 41683 SABINE 6 T8N R10W 48.000 NO BID .000 $0.00 $0.00 $0.00 0.0000000 0.0000000

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Replies to This Discussion

Permalink Reply by Kathe Newsome on October 15, 2010 at 6:01
And you're right - it is the minerals they want.
thanks to all who took the time to explain this to me.
Kathe
Permalink Reply by The_Baron on October 15, 2010 at 5:33
Cobra is probally offering to buy your minerals, not your leases.
Permalink Reply by Skip Peel - Mineral Consultant on October 15, 2010 at 7:39
Anyone notice the royalty on the Bossier tract where Matador's winning bid was a $9,100.00 bonus?
Permalink Reply by The_Baron on October 15, 2010 at 7:51
Actually, the $9,100 bonus bid was rejected:

Did you notice that Matador had two seperate bids on this tract?

Both are posted above. I reposted below.

One with higher bonus and 21% royalty
one with lower bonus and 25% royalty.
Mineral board went with royalty.

1 41643 BOSSIER 27, 28, 29, 3, 30, 31, 32, 33, 34, 35, 4, 5, 6 T15N, T16N R11W 56.000 MATADOR RESOURCES COMPANY 56.000 $509,600.00 $9,100.00 $254,800.00 0.2100000 0.2100000
*******REJECTED******
2 41643 BOSSIER 27, 28, 29, 3, 30, 31, 32, 33, 34, 35, 4, 5, 6 T15N, T16N R11W 56.000 20445 MATADOR RESOURCES COMPANY 56.000 56.000 $415,296.00 $7,416.00 $207,648.00
0.2500000 0.2500000
ACCEPTED
Permalink Reply by Skip Peel - Mineral Consultant on October 15, 2010 at 7:58
Good for the mineral board. I think that's a first. There have been a number of past bids with royalty in excess of 25% but the tracts went to bids with higher bonus and a quarter royalty. Can you remember any other instance of a company offering two bids on the same tract?
Permalink Reply by The_Baron on October 15, 2010 at 8:03
not specifically. I do know of several instances where royalty was prefered over bonus. This tends to be the MO for areas with high success rates. The Mineral Board Staff weigh the potential for future benifit over immediate gain.
Permalink Reply by lisette ann robinson on April 15, 2011 at 2:37
I HAVE SECTION 29 T19 NORTH R 13 WEST OF BOSSIER CITY LOUISIANA LISETTE ANN ROBINSON  EMAIL AT LISETTEROBINSON@YAHOO.COM 318-200-1711

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