I see Atlanta's post 7339 has been stickied; I would like to see his 7372 and 7375 posts added to it as a DD package:
Atlanta1123 Saturday, 03/04/17 01:30:00 PM
Re: None
Post #
7372
of 7387 Go
I'm a geological consultant currently contracted with a very small company out of Houston. We are currently trading
on NYSE but was in about the same situation as CEGX. My company is currently bigger than CEGX of course but we only have 2 rigs and 12000 acres leased here in Oklahoma. In order to bring things current and in order not to lose our leasing we had to bring in a global investor just like Meyers. We currently have a 60 well contract in the Mississippian stack play. The first 20 wells our investor pays 90 percent of production costs for 80 percent royalties, the next 20 is a 50/50 deal, and the last 20 is a reversal of the first 20. Even though we have 12000 acres, if CEGX even just has 2500 acres leased that's a potential 100 million in their pocket not to mention a potential stack play opportunity doubling that amount. Just saying.
Atlanta1123 Saturday, 03/04/17 01:34:25 PM
Re: None
Post #
7375
of 7387 Go
And even if their leases are spread out in different sections they will still partner with other energy companies like my company has to complete the leasing. And with that comes royalties and if this play is indeed as big as USGS states and the studies show, they will be into a large sum of money. Again, just saying.
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4 out 6 mods have not been active for over a month. Each mod only gets one sticky.
4 missing mods equals 4 less stickes and some are out of date. IMO
CEGX$$$$$$$$$$$$$$$$
AI
