Replies to post #40056 on American Green Group, Inc. (AMNE)

[rj2]

0U812,

Then why are the Questar leases so valuable? When do they expire? And why are we told we own as assets of unproducing wells?

When Rick took over we had Wells. Correct? it was PR'd

Did John C opt out of the wells for Value in Lieu of? or just
have them elimanated from the deal when he took over?

Am I even asking the right questions?

RJ

[sneaky2]

And why would any CEO in his right mind lease property that had open well holes all over it knowing he would have to plug them all?

[grubstake999]

You are full of IT
I am reading between the lines you want everyone here to think there is liability and not assets and run for the hills Jerry Griggs exploited over promoted private placement investors overcharged and made money regardless if the well hit oil or not they made their money in raising the money . They could care less if the well hit oil or not. The only thing he was drilling was poor unknowledgeable investors wallet... what needs to be done is for regions/amgg to take over operations and have top lease with the landowners and shut the wells in and let the original leases expire, and then the top lease will be the owner and will receive 100% of oil revenue.
If there is well that are unproductive the there will be remember the prompter jerry was calling for completion for each well. also keep in mind that all the wells had different owners /private placement investors so each well had its own tank battery so tubing and rods in the well that can be sold for salvage.If there is or ever was sweet spot then the investors can dig a well?? In addition to the surface equipment plugging the well is no big deal.( math problem 9 or 12inch hole 1200 feet how many 50 pound sacks of cement will fill the hole of 1200 ft well) not much in fact in jerry private placement memorandum the investors paid up front for the plugging and abandon the wells.
There will be no recoverable casing because these wells were shallow stripper wells. Then there is more that 1 way to exploit this. What these investors need to do is top lease the wells. Open operating company and show the state occ that amgg/ regions are the rightful owner operator. Then the income will be paid into the coffers of amggJerry was expert in skullduggery he was master in being prompter’s dream and investors nightmare.