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Re: fly_fisherman post# 16915

Wednesday, 04/29/2015 11:47:46 AM

Wednesday, April 29, 2015 11:47:46 AM

Post# of 17809
I would guess the debtors get the roughly 3.5% stake in roughly 10 operating wells, SOG's future cash flow as of now? Maybe that's what their after and all they need. SOG has to start over so just going bankrupt then. Dan has Catcus which which has roughly 3.5% of current operating wells. SE and the big investors have their stakes in the current operating wells. While not what the vision was, perhaps a place where you say to yourself, "You know, we lost a good one here. Time to move on..." It's been awhile since the bad news hit. I guess it was pretty smart for Dan to transfer 1/2 of the well interest into Cactus. Perhaps dishonest, but pretty smart. Just regurgitating some of the info I've read here over the years...

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