EDII Message Board - Msg: 4690242

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Microcap & Penny Stocks : EDII

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To: Jim B who wrote (567)	6/2/1998 3:20:00 PM
From: Rosemary	Read Replies (2) of 2849

Bob, I'm a real estate agent in Texas also. I use to sell lots of landlocked land. In Texas access to your property is guaranteed. There is usally some type of sentence on the other persons property that tells them where the access is. It can't be blocked either. You cannot stop anyone from gaining access to their land. But, here's the big one. Nothing says that access has to be for heavy equipment for rigs, etc. Now that may have to be paid for. Knowing these oil barons, there maybe something in the mineral rights lien that takes care of that also. Unless EDII has owned that property for more than forever, they don't own the mineral rights. So all they can be paid is for land usage if they put a rig on it. Rent so to speak. I don't know what the going rate for allowing rigs on your property. I'm sure they keep a tight lid on that info. Right now it doesn't pay for any company to pump oil. The prices are too low. Who said there was oil on the adjacent property in the first place? Something else, there was an early post, I think in the first 50 posts that said the company could sell shares when the price hit .75 cents. I don't know what that was about either.

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