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April 15, 2008

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Don

Where can homeowners near Broad St. get in touch with a formed association or contact XTO energy rep for signing a lease or get a packet?

john

What's funny is that most of the HOAs in Mansfield are voluntary and not mandatory, and since each homeowner can sign whatever lease they want with whatever gas company they wish, it is purely opportunistic of the HOA and all they want is the 10k...(see below)

Here is what the offer is to Mansfield South United:

1. 23k per acre for 3 years with a 2 year option at 17k per acre.

2. 25% royalty

3. pooling of 640 acres +10%

4. 10k donation to each HOA

5. terms to be confidential lol

6. coordinate "mansfield south united" in securing times and locations for signing of leases and exchange of bonus checks - lol


"MSU" is supposed to:

1. notify the property owners
2. fully endorse and promote the deal
3. coordinate with XTO

john

What's funny is that most of the HOAs in Mansfield are voluntary and not mandatory, and since each homeowner can sign whatever lease they want with whatever gas company they wish, it is purely opportunistic of the HOA and all they want is the 10k...(see below)

Here is what the offer is to Mansfield South United:

1. 23k per acre for 3 years with a 2 year option at 17k per acre.

2. 25% royalty

3. pooling of 640 acres +10%

4. 10k donation to each HOA

5. terms to be confidential lol

6. coordinate "mansfield south united" in securing times and locations for signing of leases and exchange of bonus checks - lol


"MSU" is supposed to:

1. notify the property owners
2. fully endorse and promote the deal
3. coordinate with XTO

john

What's funny is that most of the HOAs in Mansfield are voluntary and not mandatory, and since each homeowner can sign whatever lease they want with whatever gas company they wish, it is purely opportunistic of the HOA and all they want is the 10k...(see below)

Here is what the offer is to Mansfield South United:

1. 23k per acre for 3 years with a 2 year option at 17k per acre.

2. 25% royalty

3. pooling of 640 acres +10%

4. 10k donation to each HOA

5. terms to be confidential lol

6. coordinate "mansfield south united" in securing times and locations for signing of leases and exchange of bonus checks - lol


"MSU" is supposed to:

1. notify the property owners
2. fully endorse and promote the deal
3. coordinate with XTO

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