Hi baks I think it might be a case of priorities and trying to retain cash for a more productive assets other than leases, ideally a producing well or three, sure we are building up a cash surplus and it will be more to invest over time.
Mr S -- There might well be a step change somewhere along the line. MAGP is certainly well placed to exit any burden that could be a hangover for Chesapeake, Continental, Devon, etc in the aftermath of the oil depression. It is comparatively free of the sort debt being carried by the OK companies.
SOS might decide to show his hand on substantial title deeds he holds. I have been slightly puzzled by the stalled nature of lease interests, especially in so far as they apply to SCOOP, Stack, Meramex and others, but can only nassume there is purpose to our acreage remaining static. Time will tell.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.