Replies to This Discussion

Permalink Reply by Ed Ganelli on March 27, 2012 at 10:00pm

LMAO!  I'm not a member of the ALOV group, therefore didn't agree to any kind of confidentiality

...and WHY keep "confidential" something that's already posted as a link on a newspaper's website???   It annoys the crap out of me when people scream about this supposing to be confidential...is anyone so naive to believe that EVERYTHING about this agreement wasn't already known to oil and gas insiders LONG before the meeting???

Permalink Reply by Utica Shale on March 28, 2012 at 2:41am

Ed,

 And Jnic put six exclamation points on their email, too !!!!!!

 The social media police will be knocking on your door.  :-)

 The lease signing information has been broadcast on TV and Radio.

 I have read about the lease signing on several other websites.

 I have read a sample copy of their lease, too.

 

 But we cannot discuss this public information on GoMarcellus because we would be unethical ?

 Really ?

Permalink Reply by Ed Ganelli on March 28, 2012 at 4:35am

Yeah, Utica...I'm pretty sure I know who "Jnic" is, since only one person on this site seems set on discrediting me and anything I post!  My guess would be a flipper landman (for some reason, Wishgard comes immediately to mind!!) since THEY will now have to explain to future prospective signees how signing with them for such low prices is a "good" thing!

I've had a copy of ALOV's lease for over a week now, actually...just at the time didn't think it was appropriate for me to post anything about it since it wasn't available publicly until after the meeting Monday...

Permalink Reply by myles fetterhoff on March 28, 2012 at 4:56am

me either had copy too

Permalink Reply by Utica Shale on March 28, 2012 at 2:52am

Ed,

 

 Here is a piece of confidential information that I do not like ...

 

 The DRILLERS keeping it a secret that our land is really worth $5,000 per acre (or more).

 

 I always hear, "The real money is in the royalties and not the Signing Bonus".

 Well, if true then the driller should have no problems paying $5,000/acre signing bonus.

 

 

 

Permalink Reply by john p halloran on March 28, 2012 at 3:07am

I agree completly with that statement!!

Permalink Reply by myles fetterhoff on March 27, 2012 at 4:25pm

The results where on npr news today

Permalink Reply by Ed Ganelli on March 27, 2012 at 10:02pm

Yep myles...and the link I posted is straight from the Youngstown Vindicator...   :-D

Permalink Reply by JDM on March 27, 2012 at 11:54pm

Are the royalties net or gross? I'm still trying to sign a lease.

Permalink Reply by john p halloran on March 28, 2012 at 3:09am

I believe that I read they are gross,but not everything you read is accurate.

Permalink Reply by Victor Sutton on March 28, 2012 at 9:32am

I know that they are net.  I find that anyone that is affiliated with ALOV including the attorney firm that helped draft the lease is not permitted to help interpret or explain the lease.  I find that very off putting.   So "here sign this lease we are not permitted to explain" odd.  I would think the architects would be best able to explain it. Certainly attorney Alan D. Wenger of Harrington, Hoppe & Mitchell.  They refused to speak to me regarding any and all questions however, they did refer me to another firm.  Someone want to start a new thread explaining the details of the lease?

 

Permalink Reply by JDM on March 30, 2012 at 4:46am

Have you gotten any details explained about the lease or was a new thread started?

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