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FM II

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FM II

Re: reaper247 post# 3732

Sunday, 03/06/2016 10:51:06 AM

Sunday, March 06, 2016 10:51:06 AM

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The reason the farmout is a hot topic is that there is no way to know if the royalty properties made any money. The working interests in the wells in ND are likely in good wells, but they are tiny. They do allow coloring in whole counties, which is impressive. Every well mentioned on the slide you show is a commercial failure. Since that is all we have to go on, we can only guess that if he had lots of technical success he would have talked about that instead of his failures. ...just sayin'
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