coastal caribbean (cco@) Message Board

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Gold/Mining/Energy : coastal caribbean (cco@)

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To: will3 who wrote (1995)	11/4/2000 11:37:36 AM
From: Edwin S. Fujinaka	Read Replies (1) of 4686

There may be a difference between what the leases are worth if sold on the open market and what the net value (after expenses) of the oil would be worth if "taken" in a condemnation. I believe the Michigan versus Miller Oil Co. case was settled on the basis of the quantity of oil. I assume that the lawyers understand the difference and will act accordingly. A lot may depend on how "certain" the quantities can be estimated. This is a case for specialists and evaluating the losses that accrue from not drilling for oil is a sub specialty of eminent domain law. There cannot be very many experts in this field and I hope that CCO is tying up all of the top guys before the State can hire them.

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