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.
Good to see you hanging In AimO difficult to contribute when there is not a lot going on just a case of waiting ....a nice lift today.
Continental fracked a couple of wells on 16 and 17 MCKINLEY 1-24-13XH and Ludwig 9-22-15XH both in Blaine obviously higher graded, not of much interest to us but at least the wheels are turning.
The Maxine well referred to in the RNS is the Maxine# 1H 5X operated by Newfield and worth 4BOEPD to us Lat: 35.95765515246916, L -98.28368031656494 located in Blaine co
Billy Rae 1 I believe to be a Devon well sold and now operated by Whitestar petroleum in Payne co.
Double R 9 also in Payne operated by Crown Energy the Wilber previously declared as operated by Chesapeake in Alfalfa co and worth just under 12boepd to Magnolia.
Moore is another new one on me and hard to navigate without more info, however the Baxendale's are a group of 6 Newfield extended wells in section 13 Stephens Co 2N-4W which were off my radar and as far as I know never noted by RNS because of the low percentage interest but what FANTASTIC wells they are and we are involved with 5 @ .03% the Sympson wells also in Stephens 2N-4W sections 6,31,18................ looking forward to these.
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