Hi R W,
I keep track of our quarterly payout statements and the last one the end of March had 1,000,000 left. I had to call the bookkeeper to find out where to find it on this “hard to understand” assets and liabilities columns. The figure is on the last page at the right bottom. What has frustrated me is that we were told it usually takes 3 years for a well to recover its costs which includes the pooled percentage we had to pay as well; it has taken us about 5 years. The well apparently cost 13,000,000 to drill initially.
How are you doing with your wells? Did you participate or go with nonparticipation… you told me at one time but I forgot. M Barnes’s explanation was good.
Pat Maloney