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To: IMR 4350

And loose the asset they have.

For creditors to regain even part of their money, they need to keep the leases, probably until they can find a buyer.


7 posted on 03/20/2015 7:35:04 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

For an private individual/company buying leases that aren’t held by production or activity is akin to buying a fart in a hurricane.

Get a govt bailout on these loans and I can bet the court will declare the terms of the leases are suspended.

Mineral owners would then have to pay for the court cost to fight it if they want to.

Govt will suddenly have control of a huge amount of private property.


8 posted on 03/20/2015 7:53:13 AM PDT by IMR 4350
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