Orpheum Property Inc (PLFF)

[CashCowMoo]

Yeah I knew about that and thats why I never got involved many years ago when the previous owner was looking to sell it. That previous owner cashed out and got rid of all that liability. There is a risk of that H2s getting mixed into the sandstone gas storage field right above it. Those wells are in bad shape and very old. All it takes is a casing leak for that gas to get sucked into the storage field and the storage field would be ruined. It supplies gas to places like Kansas City and cities all over the midwest.

So the whole crypto mining from gas from wells that were never allowed to be turned on seems like was...well I wont get into it. Seems like knowing you cant even produce the gas but telling people you can and trying to take or have taken funds is a biiiiiig no no.


Also....plugging those wells in the Mclouth storage field is VERY expensive and dangerous. I want to say around $50,000K at least per well from my estimates years ago. There is something like over 700 pounds of pressure down there from the storage field and a lot of additional tasks have to be done than a traditional plug job on any other average well you find.

So 9 wells at $50K thats gonna basically run half a million. Thats even if the only company close enough to do it would even do it at all. It would be Hurricane Services and they probably dont even want to touch those wells up there, and they are HOURS away so even they would be getting per diem for their employees on top of costs. Who is paying for all that? There is a good chance only someone from out of state will want to risk plugging that stuff and then the costs really go up from there.


As for CCC saying there is no H2s I find that odd because everyone in the oilfield in those two counties have all known forever there is h2s. H2s in the Mississippi lime in those counties is nothing new. Im pretty sure I have seen wind socks in the area of those leases. That is often used in h2s so you know where the wind is blowing if you see someone collapse in the field from the gas.