Unfortunately it would be near impossible to do. It would take a very knowledgable O &G person to figure out what Gomez is actually worth shut-in.
You have to think of it this way - If the really "really good stuff" ATP had only went for fifteen cents on the dollar, what would the junk go for??...yikes....we may have to pay somebody to take it off the estates hands ":-0
Gomez was shut-in basically because the royalty & npi holders wouldn't re-negotiate their terms.
I'm thinking that if Gomez could of been made profittable the dip people wouldn' t have excluded it in the sale.
There will be several sticking points in the sale that will have to be addressed...Gomez, the enviromental issues and the BP wells are just 3 of them.
We'll know more after the sale hearing what we're looking at
You have to think of it this way - If the really "really good stuff" ATP had only went for fifteen cents on the dollar, what would the junk go for??...yikes....we may have to pay somebody to take it off the estates hands ":-0
Gomez was shut-in basically because the royalty & npi holders wouldn't re-negotiate their terms.
I'm thinking that if Gomez could of been made profittable the dip people wouldn' t have excluded it in the sale.
There will be several sticking points in the sale that will have to be addressed...Gomez, the enviromental issues and the BP wells are just 3 of them.
We'll know more after the sale hearing what we're looking at
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