Hi there study,
thanks for being open and honest,no harm done,it's not that easy trying to work out company releases especially when we are given scraps.
To be honest my first impression on reading the ann was it was on our retained acreage,(Post no's #: 6792960 : 6792569)but then when I read some posts I was convinced I was wrong,??
I have since looked at 3-4 diff maps presented by Samson at different presentations and I can say that the very latest ones do confirm what you have stated this morning.The Enercom preso in Feb confirms this.
Our ORRI payment is set at 3.8% which can not be changed ! So why have CHK come to us and requested 2 more wells and they have said they will pay us 12.5% and 25% ?This is what originally made me think that this was a new deal on our retained land.
CHK have over 800,000 acres in the Niobrara,they can see something special we have and they want in.I really don't think they want $$ from us to help pay for the wells but I'm sure if TB decides to go ahead we will have to pay our share for the work.
One other thing I am not sure about is that,some here have stated that the 2 wells will be drilled in the codell sands.Well I have done some research on the WOGCC site and it doesn't show the area of T24 as being in the codell sands.I think its predominantly in the Niobrara shale with possibly a small holding of codell sands ??
Anyway we will all know exactly what is happening very soon.The positive I take out of all of this is that CHK are still chasing us !
Thanks again STS's,have a great weekend.
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