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cayman_west

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cayman_west

Re: None

Wednesday, 03/30/2011 12:55:45 PM

Wednesday, March 30, 2011 12:55:45 PM

Post# of 2998
The specific incentives for drilling are still being developed by the Interior Department, according to a White House fact sheet. Some, including shortening lease terms and requiring drilling to begin before an extension is granted, are already being employed for offshore leases. The department is evaluating using a graduated royalty structure to encourage more rapid production as is done in Texas, the fact sheet says.

It's all in the filings - do your homework before buying a stock and read the filings!

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