Hey oilin, do you know who the other parties are who have a larger interest in the leases/properties shared with MMTE? It would be interesting to DD on them too, may be able to find info on MMTE on the way...
"Under the contracts in both Noble and Pawnee Counties, the Company (MMTE) owned only small minority interests in the oil and gas properties, and it remained a minority owner of the oil and gas leases in Pawnee County after the shift. Several other investor groups have much larger stakes in the operation. One in particular holds a 52% interest in the Pawnee County wells. This majority owner was likewise dissatisfied with the prior operator's performance and has taken over temporary operation of the properties until a more satisfactory operator is found. The Company expects that the new replacement operator will be under contract within 30 days. The majority owner's concerns, as well as MMTE's, will need to be satisfied in order to sign the replacement operator."
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