" ... They were at TD, waiting on cement, when the toolpusher gave me a look at the E-logs . . . The mud engineer says there are several zones ... behind-pipe.
They'll give you a turnkey on the next wildcat location ... no assessments ... 3/16 leases ... a 75% NRI.
It's a standard third-for-a-quarter deal. The operator gets a carry to the casing point. No back-ins. The doodlebugger and the landman have carved-out an option to convert their overrides after payout ... but you get all the intangibles ... and the percentage depletion allowance!
There's a 1/32 interest available.
Well... What do you say? Are you in or out?"