Replies to This Discussion

Permalink Reply by Dry Hole on April 8, 2012 at 1:27

Thanks dbob,

 For those of us that have been following Dist 3  since last fall the significance of this Range Buyout has follow-up  implications --------------- Range had drilled a well in NW Walker County known as the Gibbs Brothers #1 H   ---- the rumors have been buzzing about it since September yet there are no official reports on it's IP  -------- Range reportedly shut the well in and went on a lease buying frenzy in Walker,Grimes and Madison County -------- Now we see that Range's massive lease block has been sold to ZaZa instead of developing it themselves ------ I noted that ZaZa has some excellent maps on their website and that one of their example logs was out of a well on the Cameron Mineral Trust in Trinity County east of this lease block.

 It is sales like these that continue to reinforce the commercial viability of the EFS EAGLEBINE and its eastward progress ----- we wish ZaZa good luck as it develops their portion of this play

BTW ---- I would think that Boscoe's and Europe's spirits would be lifted by this transaction because it could certainly lead to the development of Trinity County  --- IMHO

Permalink Reply by dbob on April 8, 2012 at 2:30

I'm trying to figure out the arrangement specifics, because I had assumed Range would have had a majority interest in its postion,

Permalink Reply by Dry Hole on April 8, 2012 at 2:58

  dbob,

  One would think that Range would have to have some production records somewhere also to secure a good sale, after all Walker County is not exactly loaded down with EFS producers at this time.

Permalink Reply by woodbine on December 12, 2012 at 17:52

Dry Hole ... Are you able to post a link to the well logs you refer to above in the Cameron Trust land? I have looked but can't find this log on their web site, and am interested to see it. I wasn't aware that there were any recent wells there (?) but am interested even if its old.

Permalink Reply by Dry Hole on December 13, 2012 at 16:22

Sorry Liptinite,

  That was so long ago that I believe they have updated their web site ------ I remember the names above the logs were VERY TINY and I had to enlarge it many times before I could read them

Permalink Reply by dbob on December 14, 2012 at 7:53

Not that it means anything, but their stock is on a tear today. Maybe someone from Wall street watching trucks out there?

Permalink Reply by dbob on December 19, 2012 at 14:08

No word on ZaZa Stingray production or amended agreement with Range.  Anyone know if they produced oil on the 16th?

My suspicion is that they did, or risk lawsuits from investors by not reporting it if they didn't.

Permalink Reply by Dry Hole on February 23, 2013 at 14:41

Report shows 4 days into a Nabors rig Re-entry on Stingray

  Also noted that EOG has permitted another well in Madison Co.