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choctaw 02

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choctaw 02

Re: shaleonyou post# 715

Tuesday, 09/28/2010 6:26:42 PM

Tuesday, September 28, 2010 6:26:42 PM

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MNLU has leased a lot of land around the well. We don't know where those leases are in reference to Bruxoil's properties.
My point is that oil and gas leases are for a fixed period of time unless a productive well is drilled then they are "held by production" until the well plays out.
Sounds like these guys don't have any production but want to keep the leases anyway. If MNLU is successful those leases will be valuable.
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