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Comment by ALongview on August 10, 2009 at 3:42

Skip, You are correct in your suggestion to be cautious about companies and websites with flashy claims of success. They are hopingthat their claims are correct so that they can capitalize on leases they have purchased. This particular situation is no different. They need these big operators to come in to the areas that they are touting because they don't have the kind of capital it takes to drill these wells on their own. They may have been drilling shallow oil wells a few years ago under a different name but this is a whole new ballgame with $8m wells and 25% royalty, not to mention bonuses in the thousands per acre. The well capitalized operators are setting the market in the haynesville and the small guys get left out if they didn't hold acreage already by production. With all that I have learned from people like you and jffree1 on this site, I feel like I have a much better chance at success in this crazy game. Thanks for the good advice but I gotta hope some too : ) !!!!!

Comment by Skip Peel - Mineral Consultant on August 10, 2009 at 2:21

jffree1 and Alongview. I would like for all the encouraging reports to be true. However, I do not think E. TX. is immune from the slick PR being practiced by a number of companies touting HA prospective leasehold in NW LA. Southern Star and Mainland Resources being two that have been discussed. There are others and some have professional looking web sites and professional sounding press releases. I do not claim to know how much of their pronouncements are fact and how much fiction. Their actions just make me suspicious. And, IMO, should be viewed with a healthy dose of skepticism.

Comment by jffree1 on August 9, 2009 at 19:11

Skip, several of us have done lookups on JE. Not much to find. We also discussed them at length in ALongviews discussion "Jurassic Exploration Where Are You" in this group. I think they leased up some land in the area last summer and are trying to pump up some interest in what they have. I enjoy reading what they post (being ever hopeful that I am in the shale) but I am like Mike... I wish they would post some sources for where they are getting their information (if they have any).
I just looked at the Kite website (at least they have one, more than I can say for JE) and most of what they have posted is about what other companies are doing in East Texas (Encana/Amaruso field for example). They have the only map I have see anywhere which shows HA Shale that far south.
I don't enjoy being the "wet blanket" but I think we need to keep these posts in perspective.

Comment by Mike on August 9, 2009 at 13:23

JE is out of Longview. They are in the business and register with Texas RRC. Looks like they have some drilling history. I just wish they would give up their sources for their post. So far I like what they have given us.

Comment by Skip Peel - Mineral Consultant on August 9, 2009 at 9:17

Yes, Jurassic Exploration, thanks Alongview. Has anyone attempted to do some background on them? Are they credible?

Comment by ALongview on August 9, 2009 at 9:13

Skip, also it was not oilvoice(that is the website), it was Jurassic exploration and kite that make all the positive , and hopefully accurate posts on oilvoice.

Comment by ALongview on August 9, 2009 at 9:10

skip, if you do a lttle search you can see that they have been in the business a while and have had some deals go their way and some that didn't work out so well for all parties involved. I won't throw any names around as that would not be appropriate in my opinion but you can find them easily. Gregg county records is one source that looked interesting :) .

Comment by Skip Peel - Mineral Consultant on August 9, 2009 at 8:53

Has anyone done research into OV and Kite Energy? I know it's encouraging to read positive articles but who are these guys? Are they credible? I hope so but they sound like PR firms spinning a story for their own benefit. When I read that their posts are by the same person, I see a flashing red light and hear an audible alarm going off.

Comment by JWC on August 9, 2009 at 8:41

Good find ALongview. Most have probably seen this map that Kite Energy has of the play but thought I would go ahead and post a link anyway. Covers all of San Augustine and Sabine Counties.

http://www.kiteenergyllc.com/mapofhaynesvilleshale.htm

Comment by ALongview on August 9, 2009 at 5:37

Looks like the Jurassic Exploration Inc and the Kite Energy LLC posts are by the same person/people. At least now you can see they are trying to put up some of their own money and not just opinions to gain more exposure in the Haynesville.

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