UPDATE---Pool Road Coalition--UPDATE
PRC holds community meeting on April 29th and continues lease agreement discussions with two gas companies
Colleyville, Texas April 30, 2008 - The Pool Road Coalition (PRC) held a community-wide meeting for participating property owners starting at 7:00 pm. Over 300 people filled the Highland Meadows Christian Church and listened to presentations from Dale Resources/Chesapeake and Colt Exploration/XTO. Following the presentations was a Q&A that lasted until 10:00 pm where residents asked additional questions and voiced any concerns.

“We are currently at the important stage of evaluating and comparing the advantages, benefits and attributes of each competing company. We would like to finish this process before the end of May; however, we want to get the best all-around deal for participants, based on all the terms and conditions. These companies’ represent the best of the best drilling in the Barnet Shale play and both are good candidates for our consideration. We know our location is very desirable and both companies have several drill sites able to reach our area”, remarked PRC spokesman Michael Muhm.

PRC member & Attorney Doug Williams commented, “We have just selected attorney Mark Nastri of Munch Hardt to represent us. He will create a strong, effective lease agreement and help with negotiations as we look to conclude the process to endorse a gas company and lease agreement.”

The PRC wants to make sure folks know the group has NOT made ANY recommendation and does NOT endorse any company at this time. Furthermore, we ask property owners NOT to sign a lease agreement now but to wait until our process is completed, hopefully within the next several weeks. We have NOT endorsed any lease signing meetings in the area. Once the PRC reaches a recommendation, we will clearly communicate that to everyone in several ways: through the website (rossdowns.com/gaslease.php), neighborhood signs, flyer in the mail and some door-to-door. “You will clearly know when we have reached a recommendation and who we have endorsed”, remarked Mr. Muhm.

The PRC continues to encourage property owners to complete and return the Non-Binding Letters of Intent form they received as evidence of their interest in being a participant in the group”. The form can be found on the website. While the PRC is not telling folks what they must do and are free to act on their own, clearly it is much more beneficial to all when negotiating as part of a larger group. 

For more information regarding the Pool Road Coalition (PRC), please go to www.rossdowns.com/gaslease.php  
Dedicated to getting the best deal from the oil and gas companies for our neighborhoods

Ross Downs HOA Monthly Meetings
Our HOA meetings are held the last Tuesday of each month and begin promptly at 6:30 pm. The meetings are held at the Acclaim Management. We encourage all residents to attend and become involved in our community.