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Hamilcar54

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Hamilcar54

Re: joseytheoutlawwales post# 6996

Wednesday, 05/20/2015 1:18:34 PM

Wednesday, May 20, 2015 1:18:34 PM

Post# of 25804
Josey, I think you're a bit confused: There are now 3 owners of both PEL's: Henc with 49%, TGC with 20% and Perseville with 31%

There are no other properties. Seismic was done on only a small portion of both PEL's (6%). This does not mean that TGC/Perseville only has 20% of that 6% if that is what your're alluding to...

Every future action/drilling on both PEL's has 3 partners so they all have to agree on an action plan. They need to get back to the discussion table and agree on how to go foward, the sooner the better to get out this mess...
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