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Permalink Reply by Bill Simpson on January 3, 2013 at 5:42am

Blackridge came in a while ago but I believe they only bought South of Route 6. The dollar amount and percentage you listed is right from what I understand. Blackridge stated that were eventually going to go North of Route 6 but had no timetable for it.

As of right now I do not know of anyone (other than Wisgard) that has offered any money or leases to owners North of Route 6. Have not heard of any major players pounding the pavement yet to buy this unleased land. I looked at the Blackridge lease and it is almost identical to ALOV but I believe that they may own all rights as opposed to just the deep rights like the ALOV lease.

My guess is that some major players are sitting and waiting for test well data to come out. If it appears positive (which I hope) then activity in Northern Ashtabula should pick up greatly. Whether you go with a landowner group or by yourself thru an attorney is your choice. I would hope that credible lease offerings will come before the end of the first quarter/2013.

If anyone in the Ashtabula group can add any positive feedback or credible inofrmation please feel free as many of us unleased landowners are sitting and waiting for hopefully good expectations