CHK transfers 25K Acres to TRACKER LARIO UTICA LLC in Trumbull & Portage County

750+ Trumbull Country Leases ( Newton & Lordstown Township ) transferred to Tracker Lario from CHK on Oct.23, 2012 and 900+ Portage County Leases ( Paris & Palmyra Township ) transferred to Tracker Lario from CHK on Oct.22, 2012. Most are HBP has anyone heard what their plans are? and what they paid?? I would assume if they are planning to drill they would have to renegotiate HBP Leases.

From Lario's website:

"We have built a solid  interest in 25,000 Net Acres in the northern oil rich portion of the Utica/Point Pleasant with our industry partner.  We’re focusing on drilling a science well Q2 ’13 with horizontal wells to follow.

Confident in the viability of the Utica Shale play, Lario Oil & Gas Company has moved aggressively in establishing an acreage position in select counties of Eastern Ohio."

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