Replies to post #11602 on Grifco Inc (GFCI)

[rex_rick]

Paper work I have indicates that HCP had 50%WI in the following wells and paid FTXN /Dial $1.2M. Adams 127-11, 127-12, 127-13, & 127-14. Dial had used the same document to assign 100% of the Term Lease to FTXN from UERI. He did it at a BOD meeting on June 6, 2007. Jon ‘boy’ Fullofcrap paid UERI/Dial $1.730M for a 50% WI in the following wells. Adams 127-11, 127-12, 127-13, 127-14, 127-15, &155-2.

Production from these wells per Remuda:
127-11= 72644 MCF
127-12= 70457 MCF
127-13= 58256 MCF
127-14= 43695 MCF
127-15= 34289 MCF
155- 2= 26204 MCF

Production from these wells per Cambrian:
127-11= 3526 MCF
127-12= 3349 MCF
127-13= 4237 MCF
127-14= 2895 MCF
127-15= 753 MCF
155- 2= 1688 MCF

I don’t have any paperwork on the other Cambrian wells, but guessing that Jon/Herb or both control 100% WI or assigned it to another party.

Cheers