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ronpopeil

06/29/08 12:35 PM

#10104 RE: apostrophe #10103

Apostrophe, i am just speculating but if the trust assets are sold off, unitholders would get paid after all expenses were dispursed. Hypothetically, let's say the trust is sold for $100 million and after expenses there is $50 million left over, we would probably get .70/unit. However, our lawsuit would continue, imo. If the judge were to grant this motion to terminate, the lawsuit would not end. We could very well still win the $1.2 billion lawsuit and get punitive damages on top of that amount. Of course, with the trust closed, we wouldn;t get any more income distribtuions going forward. Once the lawsuit was over, that would be it. I think most of us would like to see a large settlement (or outright win at trial) and have the trust continue. Along with the potential blockbuster value of Brazos, we also have interests in other major NG producing properties/wells that would no doubt allow the trust to continue for a while and in turn would distribute income payments to us unitholders for the foreseeable future. Go Mosh had posted some very good information and the potential numbers we could see from the other properties. We'll see what happens.
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gyspsy

06/29/08 5:26 PM

#10106 RE: apostrophe #10103

Let me chime in the TRUST/properties can't be sold until a court order!
Regardless whether PXD is the operator and JPM is the trustee/fiduciary duty which had been lacking for many years as well as the "operator".....court date set!

EOM