Anyone know anything about Mcgongle Energy? they opened an office down behind Arbys in Cambridge. A guy told me they were leasing in guernsey co. and paying $5250. per acre and 20 % royalties.  true or false?

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Mcgonigle Energy was a leasing agent for Amarado Oil.  I have been told that they are no longer the leasing agent for Amarado but that Amarado has right of first refusal on any lease they sign.  $5250/20% was the offer they were making a month ago.  I assume it is still their going rate. 

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