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wallgrekk1

08/21/08 4:52 PM

#11134 RE: t_b1209 #11131

no, it wasn't BS. just for everybody who is into it should have known that there's only a 1/32 royality income. They wrote in the topic "farmout project".

The very interesting thing is this:

".....Heartland has undertaken planning to expand this farmout program and to begin drilling additional wells on the 500,000 acres it has under lease in this area......"


so the leases where bought sometime ago and for every well drilled with income they get money.

no money for employments, no money for machines. just one time payment and income for upcoming profits of those wells.

but: It would be intersting to find out if they also have the permit to drill themselves in order to get some black gold...