Replies to post #12574 on Chancellor Group Inc (CHAG)

[mdigiova]

I guess it depends upon which wells/leases we're trying to keep. If you have a look at the Texas Railroad Commission site and query Gryphon's April production (May isn't posted yet), there's a couple of leases that have a bulk of the oil & gas production while the others don't really have much at all. Looking at the report, these one's seem to be the big producers:

Lease name Oil (BBL) Casinghead (MCF) GW Gas (MCF)
CATLIN, T. W. 287 393 0
CATLIN, TOM 133 0 0
DOSS 164 0 0
EAST PAMPA UNIT 175 0 0
FAULKNER, SILER 221 1,728 0
FEE LAND #227 402 0 0
MERTEN, H. H. 110 263
PAMPA UNIT 280 0 0
SAUNDERS, D 121 0 0 0
SAUNDERS, J. M. 124 94 0 0
SCHAFER RANCH EAST 959 1,552 0

Bone, do you have any idea which one's we want to keep? I'm assuming at a minimum we're looking to keep the Schafer Ranch East as it seems to be the whale.

thanks

[dijeetyet]

Smaller revenue but no interest payments.
It's a shame it went this way at all, but it seems CHAG is making the most of it.

[tmcc]

We had 203 producing wells-the last time they mentioned it
and
625 in total.
Now
35 producing wells.
130 wells in total.



T.MAC N.Y.C
(tmcc)
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