8500 to purch 100%, what recent offers have u received?

Hi Jonathan,

I went to the OOGA trade show and conference last week and got reeducated and recharged. No permits were issued for Muskingum this month but we have several landowners putting drilling units together with us. We helped a landowner negotiate a lease and get a big check last week on some reclaimed strip land that was landlocked. He was in Belmont Co. We shopped it around to several producers and made it happen.

John glad to meet you I lve in western holmes county about 4 miles south of wayne county in  Ripley township.

Ken

Jonathan,

Hope you are well.  You had previously expressed an interest in my book, and I have decided that the time is now right to release it.  I update it monthly for pertinent information and for my well/permit map.  If you are interested, I will give you first look at it and help me decide if it is worthy of publication and at what price.  I am pretty proud of it, but then again, I am a bit prejudiced!  120 pages approximately, including exhibits, and over 100 sources.

Jonathan,

Good to hear from you.  Hope you had the happiest of holidays. 

As far as how far West, we shall soon see.  Devon Energy has pulled a horizontal and vertical permit each in both AShland and Medina counties.  They purportedly are buying as far West as Richland.  That would be an absolutely huge footprint for even a shale play....at least half of Ohio.  Word is that the wells in the East or the River counties are well pressured at depths of 9000' or so.  They are reportedly some concerns about pressure when you get less than a mile deep, which is more common moving Westward.  Devon claims to know and understand this and says they can identify those areas where permeability will allow production without stimulation.  Regardless of how far this play extends, remember this.  There is no way half of freaking Ohio can produce at the levels disclosed by CHK regarding the Buell well and others.  3000 bbls per day oil equivalent is staggering, if the decline curve is even remotely stable.  How many wells will they drill at $5 M minimum (5000" or so deep) if they are making 300 rather than 3000?  There obviously has to be several sweet spots as well as large pockets of inferior geology  if this play is even half as big as speculated.  Also worth mentioning,  Chesapeake, who started it all here really, claims the economics are superior in the wet gas region.  Devon claims the oil window (still largely unproven in my opinion) is more profitable.  What a great problem to have if one had to choose between the two. 

Thanks for responding. Wow! I hadn't heard anything above $500-$600. I thought $1000 sounded good.  A lot can change in a short period of time.  Are you at liberty to disclose who the lessee is?

Jonathan Muskingum County will take off when the wheeling twp well is drilled in Guernsey County the pad is made so drilling should take place soon. If it is a good well the oil and gas leassing will move west and east of this location MUSKINGUM    County looks good to me. Thanks michael J Belaj

Send me your email address and we can talk further about this.

Jonathan, I am no prophet but...my humble opinion will surely coincide with what you want to hear.  I have 2 different maps which indicate tha your property, especially that in the NE corner of the county is most likely oil.  That is if and when this is proven as a true oil play.  It is all speculation and conjecture now but, as far as this prospect goes, I would be happy to be in your shoes.

As to whether to lease at the offered price, well, you didn't ask my opinion on that so..... Good luck.  Hope I have been of assistance.  Keep in touch