|
A NEGOTIATIONS UPDATE
July 9th 2008 - Time for more exciting news and the latest with negotiations. First, you have read the White Chapel Corridor in Southlake made their official announcement, signing with Chesapeake for $22,500/acre and 25% royalty.
The next announcement you will hear about anytime will be Timarron. AGAIN this is GREAT NEWS for our CAMRA/PRC members. With these two Coalitions completing their efforts, this has set our base!
So the answer to the question you are all asking is this.
We will select our Partner by the end of July.
Our potential Partners have been focusing much of their efforts in our area on three (3) Coalitions. As I have reported two (2) of those have now been finalized and there is only one left from that original three (3) CAMRA. Many of you have asked your Leadership Team representative why the CAMRA negotiations seems to be taking longer and why have some other Coalitions finished in a little less time. Great questions. The reasons are many but the answer is simple….CAMRA’s “value proposition”….. what we bring to the table, is unmatched by any other Coalition in an urban drilling environment. Other Coalition’s like Timarron, White Chapel Corridor or Hidden Lakes can ONLY offer size, some amount of acreage, and unity, do I have all the homeowners, and is the land spread out or condensed, to an Energy Company.
If you want the best terms and conditions, along with the best bonus, royalty and primary terms you must offer more than size and unity. CAMRA offers more than size and unity. The top six (6) value proposition items we offer besides having a large size and strong unity are:
- Two (2) NEW well sites
- The ability to provide coverage of our own CAMRA properties
- New coverage areas beyond CAMRA’s “footprint”. This offers new opportunities to an Energy Company
- Mitigation of “risk” during the permitting process
- The potential elimination of two (2) high impact/risk areas.
- A “One Stop Shop” for our selected Partner
What this requires is a little more due diligence at the negotiations table. That means a few more “balls” in the air and a little more time. So what does this mean? The result to our coalition is more favorable terms and considerations. Our goal is a “Win – Win” with our new Partner. We will step away at the end of the day and both sides will feel good about what we have achieved.
The CAMRA coalition is high visibility and offers a significant “WIN” for one of our potential Partners. We all recognize that the value to our new Partner is what we bring as “ONE” strong unified TEAM! Some of you may still be receiving a request to break off and sign up with a separate lease by someone. I will remind everyone, that will not be the lease with our terms that we are negotiating for. We are coming down to the finish line and are all going to win TOGETHER! When we have made our selection we will make a public announcement and tell everyone when & where signing parties will be.
If you have any questions please reach out to your Leadership Team or you may drop me an e-mail.
Regards……………….Grady Walker
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.
|
Home
Information
