Mesa Offshore Trust (fka MOSH)

[OTC BB King]

Thanks for calling, great information there Sterling. Sounds like Mike Ulrich confirmed what many of us have assumed... that PXD and Woodside DO NOT want this going to a trial and left in the hands of a jury. That means we could see a settlement at ANY time.

A $200-300M settlement that included a return of the trusts interest in the Midway well and in any additional wells on the A-39 Brazos block would be one heck of a settlement IMO. A huge, one time cash distribution followed by a return to large oil and gas royalty distributions would be the ultimate win-win situation for MOSH.