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Re: snakefart post# 10453

Friday, 09/07/2012 9:26:06 AM

Friday, September 07, 2012 9:26:06 AM

Post# of 71458
mustang island is the only lease we've got where the working and overrride interest are lower. our working interest in I-1 is 10.35%. d-bar is net revenue interest of 80-85%, ao we get nearly all the revenues, vm-179 we get 70%, so again, the lion's share of the oil flow:

http://www.worldoil.com/Paxton_acquires_70_interest_in_GOM_Vermilion_179_block.html

south texas leases, i recall they are in the same ballpark.

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