Mesa Offshore Trust (fka MOSH)

[palacian]

a couple items that are part of the sale of the properties.

mosh gets the proceeds of pxd's claim on the property.

o & g properties are sold all the time w/o any production.

the fair market value is based on surrounding property
success, 2g and 3g studies of site potential, and then
current production. bidders need all information to make
fair bids.

add all that together and the properties value/winning bid,
might satisfy the majority of unit holders.

remember, pxd is paying a price by not participating in the
procedes from an auction or sale of the properties.

put a minimum bid that garners support from unit holders and
anything over that is better.