Hey there Rubie, Can you swear to the fact that every single one of these companies making these offers are just legit hard-working guys and gals working their little fannies to the bones making a living just like all of us? Huh. Thought, not. Whether you agree or not, some of these 'offers' ARE and will be scams and some of them will even get the signatures on the dotted lines and run like h&^%, leaving people with no minerals and no money. All of your dealings have been legit. Good. I am truly relieved to hear that. But unless you care to indemnify all in your 'investment field', perhaps you, too, should be advising a 'bit of caution', because when you make your next offer to buy someone's assets, you most certainly will be painted with the same brush once the scams start hitting the fan in that area. When there is big money to be made, such as post-Katrina, scammers are sure to follow. That, sadly, is a reality. I'm quite certain, (actually, I am 100% certain) that every single poster here views their minerals as 'assets', thank you though, for informing us of that fact. Just because you consider a hustler, (oh, pardon me, 'investor') who may have just gotten an 80-year to sign over 1000 mineral acres for twice the going lease rate to be creating his own 'luck', I consider them to be one rung up on the food chain from pond-scum. And, I do realize it is hard work and risky. One of these days, some gray-haired farmer could fill his hide with birdshot, he may not make it to the next town in time. I hope it's me (though I am not a farmer). I will admire no such individual (hustlers, that is. Farmers actually do work a hard and risky job.) If writing on discussion boards is so distasteful and lowly, I cannot help but wonder what you are doing here with us? Very best regards, Rufus
In Oct 5, 7:43 pm, rubie <[EMAIL PROTECTED]> wrote: > David has made a good point. These offers can be right for some > people. > > Just playing with some numbers say the well has 250,000 bo proven > reserves. At 640 spacing that puts about net for the m“neral owner at > a 1/8 lease about 49 net barrels over the life of the well. If oil is > at 100$ barrel that puts the total value without time cost of money at > 4800$/acre. Of course if you dicounted it back > That figure would be much smaller or say if the price of oil would go > to 50$ a barrel they would be of course valued in half. > > I have bought many minerals over the years and it is so common to hear > mineral owners say," there isn't enough money in the world to buy my > minerals." Well that is true for some people because they have zero > clue how to value minerals. I often would sell portions of minerals to > hedge my investment. If the well came back good you may lose a bit. If > the well comes back bad you wish you would have sold them all.in the > end I treated them as an investment and did what I could to limit > risk. To the untrained or uneducated selling minerals seems absurd but > I have found it to be very helpful. > > I suggest to all not to laugh off all these offers for there are some > good ones out there. Look at it this way. Minerals are an asset. If a > great chunk of your supposed worth is tied up in minerals it is very > wise to sell a portion and use that money to move into different asset > classes. There may be some money left on the table but your long term > economic future will be more stable and unsuspected drops in the price > of oil or production will not have the impact on you that it would > have had you not diversified. > > Moral of my ramblings is I guess it never hurts to take a little money > up front and DIVERSIFY. > > Also these are people tryin to make a living not fulltime scam artist. > If you have ever purchased anything in hopes of making money you have > done the same thing these people are attempting. The us is a free > market and people can offer to buy and offer to sell whatever they > own. I always told young guys in the business. You get a no 100% of > the time when you don't make an offer. Its hard work and risky. Admire > these people for instead of fretting about production and writing on > disc boards they seek it out and create luck versus just getting lucky > as most mineral owners have. That doesn't make them bad people they > are simply excercising their right to take part in commerce. > > BTW Rufus I sure would like to see a handful of your dirt that's worth > 3000$ based on some calculations your dirt is worth more than gold. > I'd get a roof over it and hire some security guards to stand watch. > Geez ten handfulls is worth 30,000$ I'd sell that stuff ten ways to > sunday and forget about the oil because it'll never print money like > that! > > > > paul giannotta wrote: > > Are there any financial advisers that can lend a hand and some advice as to > > what to do. > > > On Fri, Oct 3, 2008 at 12:58 PM, paul giannotta <[EMAIL PROTECTED]> wrote: > > > > I was somewhat complimented by the fact that I was offered $40,000.00 for > > > my interest, instead of something a lot less than that. I understand that > > > some people were offered a lot less than what I was offered. Of course, I > > > would never sell, however, I am concerned at this point NOT knowing what > > > my > > > royalty will be. > > > > On Fri, Oct 3, 2008 at 10:46 AM, Rufus O'Malley <[EMAIL PROTECTED]>wrote: > > > >> Perhaps you could send a letter back to these companies > > >> 1) offering 3K to buy their entire company > > >> 2) place a handful of dirt in the return envelope and tell them that > > >> is what their 3K will buy. > > > >> But, seriously, because not everyone reads this blog, I do think it a > > >> good idea to write an op-ed to the local papers, exposing these > > >> scammers, name company names of the ones you know of ---- someone is > > >> going to get very hurt by these greedy opportunists.I would also send > > >> a copy (or the original)of these letters to the ND attorney general's > > >> office for investigation.... unfortunately, this problem will only get > > >> worse. > > > >> On Oct 2, 10:30 pm, flanders <[EMAIL PROTECTED]> wrote: > > >> > Yes, but one company sent me three letters in one day and they all had > > >> > a stamped return envelope. I got three free stamps worth 42 cents > > >> > each. > > > >> > On Oct 2, 6:11 pm, Gary <[EMAIL PROTECTED]> wrote: > > > >> > > Bridgepoint Mineral Acquisition Fund, from Oklahoma City offered me > > >> > > $1000 an acre back around the first of the year. It took me quite a > > >> > > while to stop laughing. > > > >> > > Another company from OK City offered $600 about a year ago. I threw > > >> > > their offer in the garbage before I finished reading it. > > > >> > > On Oct 2, 6:47 pm, David <[EMAIL PROTECTED]> wrote: > > > >> > > > looking very good,...I think > > > >> > > > On Oct 2, 5:49 pm, "paul giannotta" <[EMAIL PROTECTED]> wrote: > > > >> > > > > I didn't either David. Few month away from a check as well. What > > >> kind of > > >> > > > > production have you had? Any idea? > > > >> > > > > On Thu, Oct 2, 2008 at 2:27 PM, David <[EMAIL PROTECTED]> wrote: > > > >> > > > > > Permian Basis offered me $3000 an acre for a south Parshall > > >> field well > > >> > > > > > in production but a few months away from sending checks. The > > >> offer > > >> > > > > > was, well interesting, but I did not nibble. > > > >> > > > > > David > > > >> > > > > > On Oct 2, 5:19 pm, "paul giannotta" <[EMAIL PROTECTED]> > > >> wrote: > > >> > > > > > > I just got one in the mail for $3000 per acre. I am in Ross > > >> area. Its > > >> > > > > > from > > >> > > > > > > Permian Group! > > > >> > > > > > > On Thu, Oct 2, 2008 at 2:16 PM, go-devil < > > >> [EMAIL PROTECTED]> > > >> > > > > > wrote: > > > >> > > > > > > > I don't remember a few, one out of Ohio thats for sure for > > >> $600 an > > >> > > > > > > > acre. > > >> > > > > > > > I throw this stuff out. > > > >> > > > > > > > On Oct 2, 1:54 pm, Chuck <[EMAIL PROTECTED]> > > >> wrote: > > >> > > > > > > > > Thanks for sharing this. Who are some of the others? We > > >> were only > > >> > > > > > > > > contacted by Pacer for one section. The other section is > > >> still > > >> > > > > > > > > available.. > > > >> > > > > > > > > On Oct 2, 4:01 pm, go-devil <[EMAIL PROTECTED]> > > >> wrote: > > > >> > > > > > > > > > The newest letter in the mail to purchase minerals is > > >> from > > >> > > > > > > > > > Permian Basin Acquisition Fund out of Midland Texas. > > >> > > > > > > > > > Their offers range from $750 to $3000 an acre. > > >> > > > > > > > > > This is in the Ross and Sanish areas. > > >> > > > > > > > > > I cant imagine what they might be offering in Parshall. > > >> > > > > > > > > > They have a website. Thanks, but no Thanks- Hide quoted > > >> text - > > > >> > > > > > > > > - Show quoted text -- Hide quoted text - > > > >> > > > > > > - Show quoted text -- Hide quoted text - > > > >> > > > > - Show quoted text -- Hide quoted text - > > > >> > > > - Show quoted text -- Hide quoted text - > > > >> > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
