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Permalink Reply by searcherone on December 21, 2012 at 3:31pm

Okay, I can't get the links corrected to work, I am sorry.

However, doing a Google search will get you info on this transaction.

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Permalink Reply by jonathan M. on December 21, 2012 at 5:21pm

Where do you see Ritchie county? I didn't notice that on the map on their website.

Thanks

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Permalink Reply by searcherone on December 21, 2012 at 5:41pm

Jonathan, it should be Harrison County NOT Ritchie.   Thanks for correcting me.

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Permalink Reply by jonathan M. on December 21, 2012 at 5:43pm

Sure thing. I was hoping it was Ritchie. Good friend of mine recently purchased large piece of property in Ritchie

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Permalink Reply by Bob on December 22, 2012 at 5:15am

590 million for 70000 acres is around 8400 per acre.  Good profit for Protege and the other lease holders.

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Permalink Reply by Tim Tarr on December 22, 2012 at 6:09am

Here's the link I found

http://www.bizjournals.com/houston/morning_call/2012/12/statoil-acq...

That's interesting seems the Wet\Dry line has moved south and east.

http://finance.yahoo.com/news/statoil-becomes-operator-marcellus-ac...

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Permalink Reply by Tim Tarr on December 22, 2012 at 8:09am

Joe,

The map I have of Marcellus showed those as Dry Marcellus.

Attachments:

• wet-dry & depth.pdf, 765 KB

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Permalink Reply by searcherone on December 22, 2012 at 6:54pm

Since it is wet marcellus won't that lower the cost of drilling and make the marcellus more profitable overall?

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