Replies to This Discussion

Permalink Reply by adam sorell on March 2, 2014 at 9:40pm

I guess all I can say if there are good numbers out of wells drilled these next few years maybe the price will go up per bonus. But this Great River Energy seems to be a dead beat shell company maybe cherry picking. If they force pool i would think they have to make the deal as good or better as what other people in the group received.

Permalink Reply by adam sorell on March 2, 2014 at 10:02pm

Special deal . Same deal Paloma offered me except they are legit but doesn't make sense since they sell it right to AEP anyway. Strange

The 5-member panel unanimously approved entering into agreement with Great River Energy, LLC, for its 18-plus acres of land at $7,000 per acre. The lease was negotiated by the Eastern Ohio Utica Group

http://timesleaderonline.com/page/content.detail/id/550806/Bridgepo...

Permalink Reply by adam sorell on March 7, 2014 at 9:24am

Great River it was $6800 acre. No companies out there interested in leasing anymore.

Permalink Reply by Renee E. Dorsey on March 7, 2014 at 12:57pm

Well, hold on to your hats - Great River just paid one of my friends.    I am shocked.   So Adam, you might be in luck after all.   

Permalink Reply by adam sorell on March 7, 2014 at 4:23pm

well that's good to hear. How many acres did he have.???

Permalink Reply by Renee E. Dorsey on March 7, 2014 at 6:10pm

Maybe 20+? To be honest I am not sure; I think 20 to 25.

Permalink Reply by adam sorell on March 7, 2014 at 7:18pm

doesn't give me hope. they might be cherry picking the bigger the lots. I'd feel better if I found out they paid on the smaller stuff. they were taking anything even tiny city lots.

Permalink Reply by Renee E. Dorsey on March 8, 2014 at 4:11am

Well they need to pay everyone that signed a damn lease! IMO

Permalink Reply by Rick on March 8, 2014 at 8:28am

Just paid me although not sure I can going to keep check as I have been offered more by Gulfport.

Permalink Reply by Finnbear on March 8, 2014 at 6:52pm

Good luck with that. You better have a Gulfport contract with a date prior to the contract you signed with them.

Permalink Reply by Rick on March 9, 2014 at 6:32am

Not much luck needed, contract is very clear.  150 days for non payment.  Notification given @ 150 days with 30 days having passed with non payment.  They are outside of all their windows of opportunity.

Permalink Reply by OUBobcat on March 9, 2014 at 7:50am

If you have a check from them I don't see how you are going to get out of it.

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