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Re: cougar12 post# 7904

Friday, 07/17/2015 2:54:00 PM

Friday, July 17, 2015 2:54:00 PM

Post# of 25806
Was told the same thing by a couple of "reliable" sources...Henc signed off on the acor/sakhai; don't exactly know why they had to, but it likely had something to do about agreeing that all the rights accorded Sakhai Acor would be fully transferred to PV.

That's why Henc has to pay 75% of the next well...Henc was to carry S-A on this well...which HENC transferred to TGC per the FIA...which is no longer valid...so the prior agreement is...which means Henc pays the drilling cost for PV.

I sure hope CC sends Henc a big thank you for that carry.

Has Tchauncy written about this...much less even acknowledged it? What are the Hencsters saying internally about this? Let's hope the Henc funding is soon shared. We really need to get drilling. Will take about 60 days once the funding is in place...or so I've been told. September spud here we come!