ecce -

I had speculated on 03/35 [that] "The current wells are on land that is "leased from a private party."  I would hope that MEO's cut would be much larger when they begin to drill on the land that they bought.  Other posters have implied that the partnership %'s would stay they same in future drilling.  If that is the case, does MEO get a royalty (18%?) off the top because they own the land? 18% is a royalty number that was mentioned in a previous PR."

Another angle would be for the partnership %'s to be different (i.e. 55% for MEO).  I guess the big question is how much cash can MEO put in and how much of a percentage do they need to "give away" to get the well drilled?

- Panamax