Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on January 2, 2013 at 5:46

layla, IMO any offer to purchase minerals that does not include a dollar amount is, just as you say, a fishing expedition.  And CHK may or may not be the actual buyer.  The wording, "Ark-La-Tex Basin" is also a red flag.  As much as the letters may be fit only for the trash I"d still like to see a copy.

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Permalink Reply by RONNY on January 3, 2013 at 7:59

Skip,

I sent you a friend request.  If you send me a fax number I'll fax you a copy of the letter.  I filled mine out and faxed it to Chesapeake, because I'm curious to see their offer.

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Permalink Reply by Skip Peel - Mineral Consultant on January 3, 2013 at 8:03

I accepted Ronny.  However I haven't faxed anything in 6 years and I'm not set up for it.  Scan to email is so much better for many of the documents I regularly deal with and that do not fax well. 

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Permalink Reply by RONNY on January 3, 2013 at 8:05

Will try to scan and post it later tonight. No scanner at work.

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Permalink Reply by Skip Peel - Mineral Consultant on January 3, 2013 at 8:08

That'll be fine.  Thanks.

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Permalink Reply by Inquirer on January 3, 2013 at 12:07

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Permalink Reply by Skip Peel - Mineral Consultant on January 3, 2013 at 12:19

Thanks, Inquirer.  I suspect that CHK is fronting for one or more mineral/royalty funds for a fee or an interest in any minerals purchased.  At this point I doubt that CHK is investing any cash in purchasing mineral interests.  The list of areas of interest cover most of the historic hydrocarbon producing provinces in the lower 48.

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Permalink Reply by Inquirer on January 3, 2013 at 12:22

 Thanks, Skip.  Sorry the print is so small when I uploaded it.

Permalink Reply by Roy on January 3, 2013 at 17:36

Be careful with anything promises or contracts with Chesapeake even when its approved by Aubrey McClendon himself. I have in house emails from CHK from Aubrey, Dave Bolton, Jeff Brooks, and others. These show how they agree to purchase leases then in one state I think we can get the lease we want cheaper if we can identify and buy ourself....they simply were running title so they could default on a legal binding contract. Cheats liars and theives are the best fitting describes them all.

They pay shell companies to tie it up get title information and then default. As in the case when they paid Romac Energy of Longview Texas 5 million dollars to tie it up. Then after Romac defaulted they set up Stoneridge Energy to sell property to avoid the lis pendens filings in the court houses. I have the documents to prove it all. So anything beyond cash from CHK is worthless.

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Permalink Reply by Hopeful About Natural Gas on January 3, 2013 at 20:43

My guess is that Skip's guess is mostly accurate. CHK is using their huge database of owners and making money selling your lease to a fund of some type.

There are MANY funds from investments for large pension funds to publicly traded funds to a wealthy investor group's private monies.

Who besides CHK has the large, big, gigantic databases of lease owners that a fund would want to contact? A database of names and dollar figures would be a gold mine for the right investors.

And, I am not intending to disagree with any of the other posters who advise caution when dealing with CHK or any company. But Skip's idea sounds like the most practical and the only way CHK would be making any money out of it.

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Permalink Reply by 2p6y7ycljui0u on January 4, 2013 at 2:23

Suggestion. When your guess matches Mr. Peel's guess just let it stand. Good for housekeeping, you know.

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Permalink Reply by jlgm on January 6, 2013 at 5:23

Did someone die and appoint you head drover, or are you just self-appointed?

 

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