Magnolia

Roads and pads are being built near the Messenger well for at least 3 more wells

The meeting at the Natchitoches Event Center had standing room only. Brian Hanks, an attorney and landman, is optimistic that the leases are coming to Natchitoches Parish. He says the Haynesville shale is down there. The results from the wells as they drill nearer us will greatly influence their interest in our area. He talked more about the thickness of the Haynesville Shale determining the price. He did not mention the depth in our area. Don Briggs, President of La Oil & Gas Assoc., said Chesapeake is planning 500 square miles of seismic tests but did not say where. Typical prices are $5 to @25 per acre for seismic testing. He said watch the web site ww.laoga.la. They will be adding a lot of info to it such as sample lease agreement, etc.

How are irregularly shaped sections pooled? I own some land in oddly shaped sections that were parts of old French land grants. Section 69 extends into what would have normally been in another 640 acre section.