.. STATOIL SELLS ITS GAS THROUGH AN AFFILIATE - I HAVE CONFIRMATION OF THIS FROM THEIR LEGAL DEPARTMENT - ACCORDING TO MY INTERPRETATION OF THE FRIENDSVILLE LEASE STATOIL MUST PAY "AT LEAST" THE "MIDPOINT" OF PLATT'S GAS DAILY PUBLISHED PRICE INDEX TO FRIENDSVILLE LEASE HOLDERS - WHICH THEY HAVE FAILED TO DO ON SOME, BUT NOT ALL MONTHS, - STATOIL STATES THIS IS "CURRENTLY UNDER REVIEW" AS TO WHAT WAS PAID.
WHAT HAPPENED TO THE ROYALTY CATEGORY - AND THE ASSOCIATED POSTS ?
STATOIL SHOWS A "UNIT PRICE" ON THEIR "INTEREST OWNERS STATEMENT" WHICH I BELIEVE HAS BEEN "ADJUSTED" - MEANING DEDUCTIONS HAVE BEEN TAKEN BUT NOT SHOWN.
ON STATOIL'S "INTEREST OWNERS STATEMENT" - "OWNER DEDUCT" - SHOWS - $0.00 - THIS IS FOR ALL THE LEASES IN OUR UNIT - WHICH BEGS THE QUESTION - IF ONLY "THE FRIENDSVILLE LEASE" IS FREE OF DEDUCTIONS WHY ARE DEDUCTIONS (OWNER DEDUCT) NOT TAKEN FROM LEASES THAT ARE EXPOSED TO DEDUCTIONS? I SUGGEST THAT THE "UNIT PRICE" IS POST DEDUCTIONS (HIDDEN DEDUCTIONS) FOR ALL LEASES STATOIL IS PAYING ROYALTIES TO.
OTHERWISE STATOIL IS PURPOSELY NOT TAKING DEDUCTIONS THAT A LEASE IS VULNERABLE TO ? - THIS DEFIES NOT ONLY LOGIC - BUT WHAT THE ENERGY COMPANIES HAVE BEEN DOING.
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Are you thinking "class action" here, Plover? Or are you gonna pursue this through the courts alone?
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