Comment

Comment by Ed Ganelli on January 16, 2012 at 9:31am

You never said what I said you did, Adam?  From one of your posts on page 10 of this thread (if you haven't already deleted it!):

Comment by Adam Thomas on January 8, 2012 at 12:38pm Edward, I do not understand why do not realize that the price offered in NE ohio is purely speculation. Yes Wishgard is currently in the process of getting a deal made for the landowners we represent so that they can get paid...

Comment by Ed Ganelli on January 16, 2012 at 9:24am

Adam...can you cut and paste ANY leases WishGard has signed, were unable to flip, and yet still paid the landowner?  Of COURSE not!

I KNOW I never said signing for "anything" would have been the smart move if a well comes up dry - UNLESS they were paid UPFRONT!  WishGard DOES NOT PAY upfront...as a matter of fact, they are now sending out certified letters to landowners that are beyond the agreed pay time certified requesting another 30 day extension, paying by bank draft that can require as much as 90 days for the bank to release the funds...ANYTHING to allow WishGard to flip the leases they have!

Again...why not disclose who WishGard is now in negotiations with...instead of keeping these negotiations "behind closed doors" as the terrible ALOV/Bob Rae has done?

Comment by Adam Thomas on January 16, 2012 at 9:17am

Go back and re-read my posts. I did NOT say anything you claim.

Comment by Adam Thomas on January 16, 2012 at 9:04am

Ed, I am an advocate for the landowner because many people want everybody to believe that time is ALL they need before they will sign leases at 6,000 and 50% royalties. This is not true! I can cut and paste from your own posting that if the test wells come back dry, then signing for anything would have been the smart move. Too many people do not realize that the area would have to be proven before offers will go up. If and when that happens, the game changes all together. The offers go up or the offers go away. Period! Waiting is not always the best thing to do. Look at Fayette and Somerset counties in Pa. Those people turned down $3000 and got nothing.

Comment by Ed Ganelli on January 16, 2012 at 8:40am

You've said several times that WishGard is currently negotiating the sales of their leases, Adam - why don't THEY disclose this info to landowners leased with them?

And again, Bob Rae MAY have made money with ALOV - no way really to prove one way or another whether or not he did - but no matter what, he DID make group members a better deal than they would have gotten by signing with a flipper company - more money per acre and a better lease...

Comment by Adam Thomas on January 16, 2012 at 8:29am

Tom, follow closely. I did not work for Wishgard or anyone else in Belmont county or any other southern county. I dealt with Wishgard representing property that the company I work for owned. Now that has to be ten times that I have explained it to you. Hopefully one more will help you get it strait.
By the way, you avoided the question that I asked with your typical method. Why would bob Rae lease in other counties and make everyone else millions and get nothing. At the same time hold ALL negotiations behind closed doors? Please explain!!!!

Comment by Ed Ganelli on January 16, 2012 at 8:20am

I don't, Bill...but unless the landowner has enough acreage to make up a big portion of a drilling unit, smaller landowners run the risk of being bypassed or forced pooled if they try for too much in a lease.  This is exactly the reason I always advise landowners to either get into a landowners group or to at very least reach agreements with neighboring landowners - larger number of acres = more bargaining power!  :-)

Comment by Ed Ganelli on January 16, 2012 at 8:08am

No Tom...but again, that was an agreement between O & G companies, not between a company and the landowner directly.  It is VERY difficult for a landowner to negotiate separating strata in a new lease unless there is some factor (oil company absolutely needing that acreage, landowner already using the shallow layer, etc.) that would make it necessary to separate them.  As a matter of fact, I THINK that in the leases I have read that gave landowners separated strata, there was always a clause that gave the deep-rights holder first option at leasing even the shallow rights...

Comment by Ed Ganelli on January 16, 2012 at 7:55am

ad·vo·cate/ˈadvəkit/

Noun:

A person who publicly supports or recommends a particular cause or policy.

Comment by Ed Ganelli on January 16, 2012 at 7:51am

Adam

Should I also go back and copy/paste all your posts where you said you and others were better off signing with WishGard and getting something even if the area becomes useless?  Who do you think you ARE actually - an advocate for the landowner...the people that you are so busy trying to sign up to WishGard leases???

For you to actually post ANYWHERE on this site that you are not an advocate for WishGard is nothing more than a lie.  Better for you to just say that yes, you are a landman for WishGard, and that therefore you have a vested interest in their success getting landowners to sign leases with WishGard.  It would be no more honorable, but at least would be more truthful...

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