Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on July 12, 2010 at 3:19

Jim would you mind sharing what lessee/company held that expired lease?

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Permalink Reply by Spring Branch,mineral owner on July 12, 2010 at 8:27

On Petrohawk's map, the fault appears to go through both Sections 24 & 25 of 15/9.

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Permalink Reply by Jim Cobb on July 12, 2010 at 3:27

Skip, Orginally Will-Drill leased the property and then sold to Questar in December 2009. Lease was for 250/25%, 3 year no option. Ran out July 2, 2010. Apparently we are on the wrong side of the fault. We were approched with an offer for 1500/25% with 4500 bonus if successful well drilled. Definition of successful was not defined and actually did not hear back. I think the Cottingham well if proved out will give us some negoiating advantage.

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Permalink Reply by Skip Peel - Mineral Consultant on July 12, 2010 at 3:31

Thanks, Jim. I hope the Cottingham completion puts you in a good negotiating position.

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