Replies to post #6501 on GulfSlope Energy Inc (GSPE)

[spec machine]

I thought that the recent $7 milestone was an all time high but I wasn’t looking back far enough

Indeed, it has been higher

Adjusted for inflation, even more so

If the wells associated with your royalties were shut in when prices slumped, it’s quite possible that they might produce again with the recent rise

If your royalties were structured as having a threshold that must be met, it’s possible that you might be getting some cash flow again soon

I hope one of those scenarios will benefit you

The drastic change in the Nat Gas market due to global dynamics and increasing LNG transport capacity is a huge change in break-even prices for production planning

Energy prices are going to be front page news for years

spec

WTI up to $111

[smith199]

There is not much info in your post. But normally a royalty is calculated by taking the amount of the production multiplied by the price agreed to as your share % in the contract. At first glance, it seems the price is not your issue.

Has there been any production off the lease your royalty contract covers? If yes, then the minimum I would do is hire an oil & gas accountant and an attorney for a review. If there has been no production, then that’s the problem.

But it could also mean that the company the lease is with has not kept to the conditions agreed to in the lease contract. If so, perhaps you can lease to someone else. Good Luck.




Mrs. Smith

[smith199]

There is not much information in your post. But normally a royalty is calculated by taking the amount of the production multiplied by the price agreed to as your share percentage in the contract. At first glance, it seems the price is not your issue.

Has there been any production off the lease your royalty contract covers? If yes, then the minimum I would do is hire an oil & gas accountant and an attorney for a review. If there has been no production, then that is the problem.

But it could also mean that the company the lease is with has not kept to the conditions agreed to in the lease contract. If so, perhaps you can lease to someone else. Good Luck.




Mrs. Smith



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