Received a letter idag offering $650/acre in 163-098-9 . There is is well (temp abandoned) #19530 on the property. A surprise as 19530 last produced 13 bbls in July 2015. Further research revealed a request for an extension of the temp abandonment period, to wit:
Formentera Operations LLC respectfully requests to extend the TA status of the NOVA 4-9-163-98H for one year. Formentera recently acquired this asset from another operator and is currently drilling its first two new oil and gas wells and one SWD well at the LFM1 pad in in nearby Burke County. This project includes trialing a new hydraulic fracture design in the LFM1 21-33 161-93 BTF and LFM1 22-23 161-93 CMB wells. Production results from this trial are expected in Q4 2023 and will aid Formentera in determining the economic feasibility of re-stimulating the existing wellbore and returning the well to production. The well was inspected on July 3, 2023 during which surface casing pressure, casing pressure, and tubing pressure were measured at 0 psi. end of quote.
The LFM wells were good . This likely the reason for the dollar figure and any interest at all. Mike