Replies to post #12051 on Mesa Offshore Trust (fka MOSH)

[1950tiger]

BINGO!

[1950tiger]

Do you think the defendents thought that the MOSH trust was by their effortd already dead, because of minnium financial requirements not being met, or did the trust legaly have to be terminated with this issue by the court.

[Steady_T]

LP
Your logic doesn't make snese. It is cheerleading.

You defend a case based upon the exposure. In this case the plaintiff asks for 1.2 Billion $ plus damages. No matter how strong or weak the case is, the potential liability is huge for PXD. They are acting and defending as they should.

As many others have pointed out, anything less than a complete win will expose the Mgt. to serious consequences.

The only way that PXD can settle without serious grief to Mgt. would be to settle for a few million and claim that it was cheaper to settle than defend. We know that this case won't get settled for a few million.

If Mgt. were to give the "worthless" well back to the trust, it would be tacit admiossion that they engaged in illegal behavior. They can't and won't do that.