Mesa Offshore Trust (fka MOSH)

[volenspros]

either way would put the world on public notice that wse had stepped into a position of ownership.

i'm just saying that had someone presented me with a farmout agreement that was missing a key component, I'd be asking a lot of questions such as:

"what's my risk if the trust is not, in fact, as dead as we think?"

"who is going to return funds expended on drilling etcetera if this deal goes south?"

wse put up 100% of the money required to develope the a-39 while pxd had very little skin in the game.

having just formed a new relationship with someone i was unfamiliar with would make me proceed with caution until i knew what my new partner was capable of doing or not doing....

maybe wse should have danced a little slower and taken a longer peek under the sheets before climbing in.