These SIOR leases sound good. However, has anyone been able to confirm or disprove their existence?
Also, suppose 100 million dollars comes in. What about SIOR's liabilities? If they sell out for 100 million but owe 300 million in taxes, lawsuits and outstanding debt, it doesn't really make a company, correct? The strength of any company is management. I'm still curious why the $700 bill has not been paid in there incorporated state?
I'm still combing through all the posts since last year. I'm in March and thus far have not seen any answers...
Also, I'm sure you know those MISS horizontals are not all gushers. Let's not get too excited yet. Some r coming in at only 60 BOD IPO and will never pay for themselves. The fear in these plays are the decline curves. The MISS is notorious for coming in strong and dropping off strong QUICK. If you notice, there has been no significant recent runup for Cheasapeake, DVN nor Sandridge (three main players in the MISS resource play). It's a work in process---let's see how this resource play fairs....