Rock Ridge Resources, Inc. (RRRI)

[dancewithbulls]

UNOFFICIAL and INCORRECT, the real document would show the pay down of the lien as it is now. dwb

"THE LIEN AS APPARENT ON THE WELL ACTUALLY WILL BOOK AGAINST THEIR SHARE OF THE REVENUE AND NOT AGAINST US."

From the Sticky Note at the top of the page.

3. Schlumberger has filed a lien on the Eberle well with the Bastrop County Clerk 06/26/2007 in the amount of $289,774.00 for non payment of service for the fracture the Eberle well is it true that no one will see any revenue from the sale of any Oil or Gas from this well until Schlumberger is paid off ?

THE PARTNERS IN THE WELL HAD THE FRACTURE COMPANY PERFORM THE SERVICES FOR THE FRACTURE BUT DID NOT PAY THEM IN FULL DUE TO SOME PERSONAL MONEY PROBLEMS (OASIS OIL AND GAS). SUBSEQUENTLY THEY IMPOSED A LIEN ON THE “OPERATOR” (TEJONES OPERATING) OF WHICH HE HAS BEEN FORCED TO PAY OUT OF HIS POCKET AND OTHER UNRELATED REVENUES ABOUT $2,500 A MONTH. THERE IS A LEGAL SITUATION BETWEEN THE TWO OF THEM WHICH IS UNRELATED TO US BUT IS BEING RESOLVED. THE LIEN AS APPARENT ON THE WELL ACTUALLY WILL BOOK AGAINST THEIR SHARE OF THE REVENUE AND NOT AGAINST US. I WAS TOLD THAT THEY HAD ABOUT $60K LEFT TO PAY NEAR THE BEGINNING OF THE YEAR. I WOULD IMAGINE THAT IS AROUND $45K NOW BUT I WILL BE GETTING EXACT NUMBERS TO SHARE IN THE COMMITTEE. THIS WILL BE FURTHER SPELLED OUT IN THE NEW AGREEMENT WE WILL SIGN WITH THE PARTNERS ONCE WE ARE FULLY CAPITALIZED TO MOVE FORWARD. ALL ABOVE NUMBERS ARE ESTIMATES UNTIL SAID OTHERWISE.