Comment

Comment by Joseph-Ohio on March 14, 2013 at 11:13am

Jesse Drang, rex roae and all,

I guess that's one of the biggest problems with the written word.

Missing the personal expressions and the real spirit / intent of what one is really trying to communicate.

No problem at this end.

Onward and upward - eyes on the path forward !

Comment by rex roae on March 14, 2013 at 10:24am

Speculation,..investment,...does it really matter?

I know we're trying to pass time here but it seems we're just cluttering the board up over semantics. 

On another note, called Range today to see if they're leasing in Crawford right now and they said to call back in a month when they have more numbers on the Lippert well.

Comment by Joseph-Ohio on March 14, 2013 at 10:02am

gary smith,

I didn't gleen that interpretation from his comment.

I took it as an insult - from one landowner to another at that !

Maybe he thinks I'm stupid or something.

Had to clear the air.

Regards,

J-O

Comment by gary smith on March 14, 2013 at 9:55am

i think all jesse was saying , a few threads ago, was that nobody saw the horizontal revolution coming. that most bought their land for traditional reasons,and to hang on to those reasons ,and they will sustain you whether or not you get 4000 an acre. you can only serve one master.

Comment by Joseph-Ohio on March 14, 2013 at 6:30am

Jesse Drang,

The land itself is an investment.

Wouldn't you agree ?

As I wrote earlier they're not making anymore marketable real estate while the population continues to grow.

You see no value in land / field crops / timber / surface rights / mineral rights / gas-oil development rights / development rights in general ?

If not then what is it that you see as valuable ?

Whatever it is then go get some - make your own investment - be happy.

Comment by Joseph-Ohio on March 14, 2013 at 4:05am

Bob Jenness

Very true no investment is 'simple'; as a matter of fact and contrarily, normally alot of blood, sweat and tears are involved.

I only used the word 'simply' in description of the word 'investment'; meaning there is no other term to use in place of the word 'investment' as I look at things.

Comment by Bob Jenness on March 14, 2013 at 3:42am

Right on, J-O!

I've also found that that there's nothing about investing that happens "simply" except adverse changes of ownership (the bankers call this an unanticipated loss).  Ask anyone who was dependent on the "simply work for us and we'll simply take care of your retirement" industrial pension plans of old.  Or "simply invest in our bank CDs and we'll simply roll them over to reduce your income over time for our profit" with the banks of old.  And nothing about O&G is simple, as we know.

Comment by Joseph-Ohio on March 14, 2013 at 1:13am

Found money my foot.

We along with many other people realized quite a long time ago that they're just not making anymore real estate on this planet.

We thought it a good idea to invest in land.

It was also prerequisite that the land we would purchase would include gas, oil and all mineral rights and be suitable for building a residence and associated development.

That's a considered investment.

And it wasn't all that inexpensive either.

Some would say investing in land / real estate would be a 'passive investment'.

In our opinion, there is no such thing as a 'passive investment'.

Investments aren't found money either.

Investments come with risk and reward.

In our opinion investments can be best defined as simply investments.

Comment by Bob Jenness on March 14, 2013 at 12:56am

Jesse,

It's not "found money" until you sell it.  Until then, it's a continuing expense and obligation (or stewardship opportunity, if you prefer), which we bear willingly as the price for all the benefits it returns to us.  A really good field or forest crop isn't found money either - it's the result of hard work, good stewardship, and some good luck, and scraping through the hard years in between opportunities to harvest the good ones. Going forward, we'll also bear the expense and share the benefits of environmental degradation and/or gentrification of the area. If we let the landmen convince us it's just a pot of found money, our investment and future return has already been marginalized.  

More humourously, trillions of trilobites gave their all to bring us this once-in-250-million-year pot of found money:-)

Comment by john p halloran on March 13, 2013 at 5:58am

The buckeye mineral group,eala is Bob Rea's first for profit venture.The others were at a non-profit situation. His incentive to get the highest bonus money is he gets a %.

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