To TD who keeps saying they own a lot of plugging liabilities that's a bunch of crap. Since when did plugging liabilities become a bad thing? Really?! Owning a bunch of plugged wells is INDEED a bad thing! But this isn't the case. It's like I've been saying all along, these inactive wells, I believe, have become a blessing and a savior to CEGX. Just because the well is no longer producing and just because they are a plugging liability means money in my eyes! You can DRILL new wells from these!!! And in the newly discovered play I'm sure Crawford is glad he didn't plug these. If they were plugged in the states eyes they're done forever! You would have to drill an offset. People love to buy orphaned or inactive wells. Especially if there is a new play at hand. My uncle is a petroleum engineer, has worked in the oilfield for 30+ years for companies such as ExxonMobil in countries such as Iran and UK and fire a hobby, he and his friends buy wells just like these. And don't tell that the TRRC wouldn't renew our let them be updated on their holdings, especially if they are trying in good faith. I'm not saying this is what they're doing but plugging liabilities in a region like this are actually a gem! Just my opinion. I'm a petroleum geologist by the way.
