Replies to post #3511 on Mesa Offshore Trust (fka MOSH)

[bUrRpPPP!]

Very very nice....If thats what the old trustee thinks they will settle for thats pretty darn good news.....perhaps like I have said before an offer may be sooner than we think once the new trustee is in place.....

[saigai]

sterv when you refer to the settlement do you mean that upon settlement MOSH is no longer a viable entity with royalties or does the settlement include the ongoing interests in the leases. thanks for your efforts and all those who do my homework for me.

[sidedraft]

Funny how the former trustee, the one we are happy to have been replaced, has such a low estimate of what the Pioneer/Woodside settlement offer might be.

Maybe he is biased, a lot!

"...However, he said that the case with suing Pioneer and Woodside would be much different. From talking with Mike, he seems to think that there will definitely be a settlement that Pioneer and Woodside would be bringing to the table that would be much lower than the $1.2 billion that is being sought after. ..."

[WALL STREET KID]

Great job Stervc

That $240 000 000 that Mike thinks that PXD/Woodside would offer would be a first offer which I'm sure the defendants would expect to be turned down. If the $240 is accepted it is still $3.33 a share though

[ronpopeil]

Good work stervc. Even if the $240 million was accepted, that is still around $3+ per share. You would have to think PXD/Woodside would start off low and go from there. As everyone knows, during a negotiation, you almost never throw out your best and final offer. Conversely, the first offer is rarely accepted, so $240 million just may be the starting point which is pretty good imo. Perhaps when all is said and done, it would be double that amount or more which could put the payment at $6+/share. That's amazing. Now, i think one of the keys to the final outcome is what happens going forward? Does the trust terminate afterwards or will the trust continue to receive royalties. If the trust continues to receive royalties, and with the lawsuit out of the way, the share price should really explode. Thus, aside from getting a large settlement check, your shares will appreciate exponentially.

For example, let's say you own 20,000 shares and they settle for $6/share. That will be $120,000 to you. Now, if the trust keeps going on and they issue royalty payments going forward, the stock price could jump to $5-$10/share. That is another $200,000 for you if you decide to then sell. The other option is to hold on and collect the royalty payments.

Let's see how this plays out but the news from servc is positive. It shows us that PXD/Woodside are interested in getting rid of this lawsuit which means that a long drawn out lawsuit may not occur and dpay day is sooner than we think. Also, it shows me that PXD knows they did something wrong, glty

[nsomniyak]

you might want to check you notes...I doubt he said "...four OFF SHORE blocks of land in New Mexico" :)

[OTC BB King]

Thanks for calling, great information there Sterling. Sounds like Mike Ulrich confirmed what many of us have assumed... that PXD and Woodside DO NOT want this going to a trial and left in the hands of a jury. That means we could see a settlement at ANY time.

A $200-300M settlement that included a return of the trusts interest in the Midway well and in any additional wells on the A-39 Brazos block would be one heck of a settlement IMO. A huge, one time cash distribution followed by a return to large oil and gas royalty distributions would be the ultimate win-win situation for MOSH.