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Re: Laddie post# 6315

Monday, 02/25/2008 10:17:31 AM

Monday, February 25, 2008 10:17:31 AM

Post# of 27567
Actually it was another poster who brought up the sec rule change and I was speculating on how that could be a positive.

I don't think that just anybody can do it. I susupect that as such it would have to originate with the trustee. Unfortunately, the existing trustee would probably have to be sued to do that aspect of their job, added to the list of other things they appear to be derilect in, although they could not claim the excuse of costs considering the low cost aspect of a web posting.

Conversely they didn't seem to have any problem with what seem to be excess costs pxd et al were running up. For example, a million bucks for "plugging anf abandonment" charges. I mean how much could a few pipe caps and a pipe wrench cost, even if they had to be screwed on by scuba divers? Shallow drill rig rentals w/crew only ran about $100k/ day. I daresay they could have drilled a new well for the cost of that one "maintenance" item.

oh well. Comprehensive discovery could answer a lot of such questions, hopefully they plan on reviewing the bill for past charges as well as the subject of reserve estimates...






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