Replies to This Discussion

Permalink Reply by Army MP Wife on July 15, 2008 at 11:49

Is it a problem if Princeton residents show?

Permalink Reply by Moe on July 15, 2008 at 12:46

I live in the area and attended the Love Chapel meeting on July 8th. Did you attend and if so, what were your thoughts? I am not too happy about the 4% of my bonus "catch" to the deal. It was stated that a 100 acres were already committed from sections 11&12 prior to this meeting. At $10k/acre they would already be looking at $40k. How much are attorney fees to look at one contract? This is only a small percentage of the 1280 acres combined in these sections which tells me to hold out or group with others that are not paying this 4%???? The O&G companies have already leased in our area with some so would this not mean that our area at some point will go active and thereby our minerals increase in value and be more aggressively pursued at a higher rate?
This is so early in the play that I feel many are jumping in way too soon and over the next 6-12 months bonuses here will be exactly like what Barnett Shale owners have come to expect. I only want a fair price for what I rightfully own. After all, this isn't my SUV that I'm trying to sell!

Permalink Reply by Army MP Wife on July 15, 2008 at 13:07

I only found out about this meeting when I joined less than an hour ago! I haven't heard about any meeting right here in this area except Country Place. If I've known about the mtg at The Love Chapel, I would've gone. I'll try to go to this one.

Permalink Reply by RL on July 15, 2008 at 16:32

Of course Princeton is invited!

Permalink Reply by RL on July 15, 2008 at 16:36

Moe, I agree with you about the percent commission. I think a flat fee is better and more fair. Doesn't matter whether you have 1/4 acre or 100 acres, the paperwork is going to be the same except for the names, property description, and bonus.