News Focus
News Focus
Followers 26
Posts 1421
Boards Moderated 1
Alias Born 10/13/2010

Re: andrewjoseph post# 24910

Tuesday, 02/15/2011 7:49:53 PM

Tuesday, February 15, 2011 7:49:53 PM

Post# of 30337
Too much being made of this percentage issue in my opinion.

You can bet the company has at least a well defined range of what their ultimate costs and interest will be. This is simply not a published document that we have been able to discover like the rest of the lease documents filed with the State of LA. However, all it would take is one non-shared item (permit fees paid by Kepco for example)to make the exact percentage incalculable until final costs are in, and each party could coyly state "We don't know what our percentage interest is. Have to wait to find out."

See why this can become silly? IMO, they know very well and we will know when they tell us. As many have indicated, this well has been fast tracked ahead of Sanders and is a bonus that it comes online at all, at any percentage.

___________________________________________________
WAMPQ | OTGI | ZLUS | LHHMQ | CORSQ

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today