InvestorsHub Logo
Followers 2422
Posts 90645
Boards Moderated 7
Alias Born 09/12/2003

Re: 1flaguy post# 951

Friday, 01/15/2021 12:43:05 PM

Friday, January 15, 2021 12:43:05 PM

Post# of 1614
Heck I don't need to ask Brad to figure that out! The revenue will divide to Laredo, Lipson and Viper on equal share 50%, 25% and 25%. Laredo owned 50% There's huge amount of oil in cat creek. 23 million barrels of oil have been produced in Cat Creek's history.


In accordance with their ownership interests in Cat Creek, Laredo, Lipson and Viper will pay 50%, 25% and 25%, respectively, of the purchase price and the costs of the transaction. Laredo will fund its portion of the purchase price using cash on hand. Cat Creek will be managed by a Board of Directors consisting of four directors, two of which shall be designated by Laredo.


https://www.sec.gov/Archives/edgar/data/1442492/000165495420007425/laredo_8k-18050.htm

Cat Creek Holdings LLC click on link below roll down to see Wells Operated by Cat Creek Holdings LLC There are a lot of well shut in we can recovery the oil.

https://www.shalexp.com/cat-creek-holdings-llc

Cat Creek Unit 1 65 Well Details

http://www.drillingedge.com/montana/petroleum-county/wells/cat-creek-unit-1-65/25-069-21072

Ihde 3 Well Details

http://www.drillingedge.com/montana/petroleum-county/wells/ihde-3/25-069-60113

Cat Creek, MontanaFrom Wikipedia

An estimated 24 million barrels of oil have been produced from 150 oil wells in Cat Creek's 54-year petroleum production history

https://en.wikipedia.org/wiki/Cat_Creek,_Montana


Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent LRDC News