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Post# of 79921
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Cowboy

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Re: dcbass post# 18726

Thursday, 07/13/2006 10:33:53 AM

Thursday, July 13, 2006 10:33:53 AM

Post# of 79921
The value of the land of which the company speaks is based on project mineral values. Most oil companies lease land through the BLM or Bureau of Land Management office in each state or from private individuals who then share in the profits from any production that comes from the agreement/lease.

So the lease has value in two ways..one the money generated from the lease itself and from any percentages made from production if successful wells are established.

Hope this answers you question.

LOVE IS OUR SOUL PURPOSE


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