InvestorsHub Logo
icon url

crude-dude

02/05/12 11:17 PM

#35638 RE: Sheepdog #35637

It aint quite that simple. The better wells you mention... BDGR has 40% working interest and, at best, 34% revenue interest. And even the bad wells... the ORRI owners get a paycheck even if the wells lose money so if I were a ORRI owner, I would want to produce as many of these losers as possible.
icon url

SLO-sider

02/06/12 12:04 AM

#35639 RE: Sheepdog #35637

I wanted to see if I could get back a few $$ so I did let a few million go at current bid. I keep sell orders active at .01 and at .001, but I don't expect them to ever hit. Would be nice though...