Home > Boards > US OTC > Delisted > Mesa Offshore Trust (fka MOSH)
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Alias Born 10/17/2006

Sunday, December 23, 2007 7:50:09 PM

Re: None

Post# of 27567
A couple of possibly interesting thoughts...

btw The LDK board on yah** is down -- possibly crashed due to msg volume. If you like soap operas that's the place. Made a couple of posts over there earlier since I am currently underwater on that stock. But I still kind of feel like writing something. It's nice and quiet over here and this is more or less on topic for mosh, so somebody who might look for something to read over here can, well have something to read tonight.

There is this theory about aenorobic no wait what is it....

_Abiotic_ oil. = Non-biological oil. Basically the theory that oil forms naturally and continuously deep in the earth's crust (mantle?) and then seeps slowly up to the surface. It is formed by a reaction of water with carbonates in the presence of iron under conditions of high pressure and temperature.

I think that it might be true since it has been demonstrated in a laboratory but I tend to disagree with anti-peak oil proponents who cite it as a reason that people never have to worry about running short on oil.

Most of the 150,000 or so wells that remain in the US are "stripper" wells- far advanced on their depletion curve. First they gush thousands a day, then they slow to a trickle of a few barrels a day. The funny thing about stripper wells though is that once they reach that stage they hardly deplete at all. They keep going for years and years but only at a trickle. I'm thinking that could be abiotic oil seeping up. Carbon 14 tests seem to confirm that the oil os not from plant ot animal matter as well. But only a few tests were done before funding was dropped.

Also with some capped wells that were thought to be dry, when they are uncapped again a few years later, they start trickling again. So it probably isn't necessarily a good idea to apply "rejuvination" techneqies to wring every last drop out -- means they will take longer to refill.

If it applies to gas. It will be interesting to see the flow rates from Mosh's newly uncapped wells, see if they recharged slightly.

The good thing is that means you can have low flow wells that don't deplete - if in a trust you've got basic perpetuity.

What was the other thing...

What is the possiblity that the settlement offer would be comprised of oil or gas properties /wells instead of or in combination with cash?

If so, should the trust accept it?

It could bolster the royalty payment factor and hence permanently boost the unit price as well....

Might be attractive to pxd since if they fell short of the $1.5b with cash on hand, they would not be forced to liquidate assets at firesale prices in a hurry. Just turn over some of their other (preferably producing) assets to make up the difference

Just some idle speculation here.









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