Comment

Comment by Jim Litwinowicz on May 18, 2012 at 7:33pm

M & P and Cx-Energy have announced a deal for Mercer Co with Halcon for $3850/18.5% no deductions with a very good lease. Best part is that it only covers deep rights, below 1000' below the base of the Speechley Sandstone.  That will allow landowners to lease their shallow rights to  a shallow driller and possibly get free gas. (The lease gives Halcon the right to match any offer) I don't know for sure what a shallow lease is worth but I'm guessing that would be another $500 to $1000 per acre for the landowner. Good deal.

We are working with several companies to get a similar deal in Venango Co

Comment by p umpjack on April 9, 2012 at 9:26pm

diamondJIM

the first cause of a guilty person is to draw attention away from the facts

you sir(terminology liberal) are doing me a favor....

call your lawyer fiends......yes fiends

Comment by Jim Litwinowicz on April 9, 2012 at 9:17pm

C'mon p umpjack ...take the bet

Comment by p umpjack on April 9, 2012 at 9:16pm

                Comment by p umpjack5 minutes ago           Delete Comment

Diamond JIM beforeyou chase me on this county site you carpetbaggers try to fleece on

as I have stated to take that bet

you would take 6% from the restaurant no tip that would be absorbed by the restaurant and then you would want a 90 day extension to pay

last time I saw you you couldn't valet park your escalade at the franklin quality inn

Comment by p umpjack on April 9, 2012 at 8:57pm

Diamond Jim

you scare me because you remind me of a cult

I think you really believe that aliens are going to come and genuflect at your altar of belief (COX _MOPO or whatever carpetbagger your going by this week)

sign now and I will get it for you with the offers out in venango, and shell backing out AND DROPPING THERE LEASE OFFERS AND ADDENDUMS in butler

wow I should meet you @ the foxburg inn (which you built) and burn one with you in the parking lot.

then I could get beamed up   HALEBOP>>>>>>>>>>>>>>>>>>>

 

really 3-4 offers in venango dude lets burn one.......

Comment by myles fetterhoff on April 3, 2012 at 12:32pm

some group have you sign and the door with your naME AND ACRERAGE AND THEN THEY SAY LOOK ALL YOUR NEIGHBORS SIGN UP.  tHEY TAKE BONUS MONEY AND A PERCENTAGE OF YOUR WAGE OR SOMEONE IN THE SHODOWS PAY THEM FOR THE LEASE OR THEY TALE ALL THE FORMATION.  oR THEY LEAVE OUT LANGUAGE FOR WET GAS.  yOU MUST HAVE EVERTHING RIGHT IN THE LEASE OR YOU ARE SCREWED.

Comment by Jim Litwinowicz on April 3, 2012 at 12:17pm

Not true Myles, they will know who they sign with.  As a matter of fact, we will show the group the three or four best offers, go over all the terms and addendum, and then let them vote on which they like best.  And when they sign a lease it will be directly with an E & P company, not a flipper, aggregator, or a front company working for a mystery company. 

One should be careful of groups that ask for upfront money with no guarantee of ever getting a good offer.

Comment by myles fetterhoff on April 3, 2012 at 12:05pm

Please be careful these group want to have part of your bonus money or percentage of royalties.  They neigiate the finalo dealo behind close doors and you never know what big energy actually paid for your lease.

Comment by Jim Litwinowicz on April 2, 2012 at 10:29pm

Crystal; the meeting is at the Quality Inn at 6:30 PM  Bring your neighbors and ask for me when you get there.

Comment by Dave on April 2, 2012 at 5:10pm

my neighbor has been approached by this company

It would appear there lease and addendums are pretty straight forward

he signed for 2750 and 16% and got to keep his shallow oil

info@ctxong.com

good luck don't shoot the messenger

good luck to all

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