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Permalink Reply by Frank Nesmith on August 5, 2013 at 5:54am

Well Ed, We were discussing earlier that most of the leases around that area from Chesapeake are now on inactive status. That could be for a number of reasons. I was told that the McRoberts well just hit dry gas, and we all know how depressed that is for now. It could be because there is no infrastructure there yet. Some believe CHK is trying to sell their leases, but that is just a rumor. That will depress the price of your acreage for now, but don't give up hope. If there is any way to just hang in there and hold onto your acreage, I would, if it were me. They are drilling down Cannelton Road on the state game lands now, so that is a good sign. 

Where exactly is your property located? You can private message me if you don't want to reveal that publicly. I heard that they are having trouble getting ROW's out that way because CHK is offering pennies on the dollar. All this tells me that they are just waiting for prices to go up. But today the EPA slammed new emission regs on everything to start soon, so that should also depress prices. Is this just land, or is there a dwelling on it?

Permalink Reply by Ed on August 5, 2013 at 6:03am

Thanks for insight Frank. Since our lease expired in August 2012, we have not heard from anyone except a company offering to test our water.