Exobox Technologies Corp (EXBX)

[bitman]

Good morning, I work in the oilfield in the northeast. I invest in oil & gas wells in Ohio. Most drilling packages are financed through the sale of points or percentage in the well. In general 1/8 of the gross royalty goes to the mineral rights holder, the balance of the production up to 7/8 go to individual or institutional investors. Many times there are overrides that can reduce the 7/8 by 5 to 10%. Also in oil & gas investments the mineral rights holder pays none of the expenses from preperation of the lease to drilling and competion and daily operations. Those cost are shared by the individual or institutional investor on a percentage owned basis, the investor is paid after royalty and expenses. so you get to share 100% of the expense and 87% or less of the revenue.

My guess is that the proposed wells are owned by an operator that holds all the interest and mineral rights of the proposed package. I'm not sure who that operator is, but will keep my eyes open. All above IMO. Bitman