RICE ENERGY BEGINS LEASE BONUS PAYMENTS TO SMITH-GOSHEN LANDOWNERS GROUP

FIVE DAYS AHEAD OF SCHEDULE, The Rice Energy Company of Cannonsburg, Pa  paid out 100 million in lease bonus payments tonight at Ohio University Eastern Gymnasium  to SG members. Over the next four days, SG members who's land has cleared title can expect calls from the company as to when and where they can pick up their checks. SG MEMBERS, PLEASE DO NOT CALL THE RICE OFFICE, they will call you if your payment is ready.

CONGRATS to all Rice Employees, the SG Committee,  and most importantly the SG community for making this a reality!. 

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weve been talking to eclipse and carizzo  . Rice hasnt contacted us yet. Im going to lease my open half VERY soon. For a number of  resons but mainly tax reasons. That way i will get paid for half this year and half next year. That ought to help alot the way i have it figured. Im afraid my neighbor will be tied up with Cheapskate for years so im gonna do what i  gotta do  to look out for myself. You should meet with us soon 

SAFRANK - they did what they said ! Are you leased yet ? 

Sounds to me like your not .

Not sure what you are getting at there, but yes I have signed a lease.

Hey Des ,,, you hoo are you out there , stocking up on Hebrew National Hot Dogs  ????

Yea I remember you telling every one that they didn't have the money - no one would ever take that kinda lease terms bla-bla-BBBLLLAA .

Look at the bright side there ole DES , baseball season is just starting and you can

make it BIG there ---- Peanuts , popcorn - hot dogs .

The laugh is on you tube steak !!!! :)-------------------

Hey Joe (Corrado) How are you doing? Thats a very nice deal you all have worked out. Im happy for Rice and every landowner involved. If you remember Joe,  Rice wasnt interested in our neigborhood groups' property,(darn!)  but all of us in our group recently got leased. So Happy Days to all! :)

Hey thanks Joe. I appreciate the good thoughts. I dont want to say who we leased with just yet. When I have the check in hand I will be glad to let you know. We're supposed to get payment in 60 days. As far as I can tell, we got the highest dollar amount per acre that has been reported so far. I dont want to jinx myself until check is in hand! Its good to hear from you, stay in touch.

Is there anyone else out there who hasn't heard from Rice who signed by the 11/08 date? According to the note above, the phone calls for those days should have been made as GMBH says the calls would be made over the four days from April 18 to the 21st. We have clear title and all needed (asked for paperwork) has been signed and recorded. Getting a little nervous because of what is in the note above. Any information would be helpful.

We signed nov 10th and have not heard anything yet & we have clear title. Not concerned at this point.

With as many landowners as were part of this deal, I'm sure it will take some time to get it all done. We haven't been called yet either but we know our title is clear.

Thanks. I feel a little better. I think the 'four days' in the initial message made me nervous.

How do you know you have clear title, did Rice tell you this? I have 2 parcels that is going to require an additional 120 days to clear. My cleared parcels are ready to be paid......

Yes, they did. We had some additional paperwork to sign and it was filed and they said that was it. I wasn't expecting to hear anything until at least this week but your post said it would be done over the course of 4 days as of the 18th of April. Do you work with them? Is that how you know what they are doing and what the time line is?

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