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Michael,
Are you a lease agent for Wishgard? What is your relationship to the oil and gas industry? Wishgard is not the only player in shale leasing in SE OH and with a little research one can find that their lease is OK at best. They are paying a fair amount of signing bonuses and if you just want the upfront cash then they may be the way to go for you. I believe that a solid landowner friendly lease is more important in the long run than some cash now.
I find it interesting that early on, all Wishgard's leases were filed in Belmont County for Tri Star Energy Holdings. Recently, however, Wishgard has been filing leases in their own name in Belmont. Neither Wishgard nor Tri Star are drillers. Who are they going to flip these leases to? How much are they going to make on them?
Today, 7-11-2011 Gulfport issued two press releases related to their
Ohio Utica leasing activity and the issuance of 3,000,000 common shares
of stock, in part to finance their Utica leasing activities. Go to their website,
click on investor relations, then clik on press releases.
Randy
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