A couple of questions that I hope the very knowledgeable group here can help me with…
Received last week a “Notice of Continuance” for the captioned sections (“Relief Requested: Multi-Horizontal Well” also noted on this sheet). CD numbers 201803775, 776, & 777. Previous documents include the “permit to drill” on 5/28/18 and “notification of well spud” on 6/10/18. Well site in section 14, with anticipated 50/50% split between sections 11 & 14.
Question is… what does the latest “continuation” document mean? Good or bad news?
Also, my cousin(s) have received a $10,000 per NMA offer to buy the rights. They have a current lease (I believe at 3/16). Is this a good offer or is this likely a high offer that will likely be pulled? They are considering the offer. I think I received a similar call but I’m not interested in selling.