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Grimas

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Posts posted by Grimas

  1. Tires and batteries always the cheapest at both compared to the tire "chains" but it's been a pain the past 2 years to just drop in to get a fix or rotation and need to book at least a week before... (Had to get the tires on kids cars at Sam's because no Costco in the town they go to university but I like that Costco uses nitrogen...)

    • Hook 'Em 1
  2. LaBoqueria- been there at least 10 times and it’s the best food market in the world in my opinion… Not for actual groceries but for the environment and to eat… (Markets in Singapore come in 2nd…)
     

    • Like 1
  3. I'm in the dark here on the current T&C's of the lease. Not sure what are the current lease terms so would probably require either buying out the current operators or getting new leases on the deeper rights... The current operators bought the lease 2 years ago for existing production for just over a million but production was from wells that have been producing for year (~5K bbls last year). All previous production is shallow and these prospects are deeper. 

    What he was asking me is what a "reasonable" %ORRI would be to ask for as the only question to him from the investor was "what are you want for the data and prospects" and no clue on what to say...  (He was at a party and in the conversation mentioned he had cleaned out his dad's old office and found all the prospect info in a bunch of boxes and CD's when the "investor" asked...)

  4. Thought I'd ask here as someone asked me but I didn't know as that's a different side of the business than I'm in... 

    Someone approached my buddy about some of the prospects that his old man (independent geologist but now gone) had put together years ago  - he still has all the maps, logs, 3D seismic (and model) and the proposed exploration targets (deeper prospects of an existing field). Current operator is just stripping the existing reservoirs.)  What sort of ORRI should he be asking for? I've Googled and seen the 1.5-3% range but I've has someone else say 5-7%...

    I figured someone here might know what he might expect/request when meeting with the potential investors... 

    Plan was to just hand over all the info to the investors - with their own G&G team to review/revise existing prospects - for ORRI and some sort of "transfer" fee or signing bonus.  (And maybe the possibility buying in WI in the future if the first few wells are successful...) I didn't know what to tell him a "reasonable" request for % or $ was these days before he walks into the discussions... Anyone?

  5. 30 minutes ago, sith_horn said:

    You can probably get higher than I suggest, but personally, I don't like to dick around when selling something like this and would price it to move. I'd probably list it around $350 to $375. I have seen them listed for north of $400 however.

    Thanks! I was thinking 250-300 off the top of my head so I'll shoot for more...  :)

  6. 29 minutes ago, texasdago said:

    That's what I mean... let's say at 10 PM you take that thing... shake it up and put it on a pipe which you then wrap up with cloth or whatever and then a cover and leave it overnight.  Those things get up to 135, I believe... it would keep it warm during the coldest part of the night until it "runs out".  Seems like it would work.

    That my my thinking...  My cover is foil lined and insulated so a small heat source in there should trap the heat in there and be good overnight...  Not warm enough to cook the PVC but good enough to keep the brass above freezing.  (I drained the valves but the previous brass one cracked last freeze despite being wrapped and drained...)

  7. So what can I sell a slightly used 22" WSF for these days? With cover, upgraded thermometer, upgraded diffuser and door seal...  Won a XL BGE at a raffle and later bought a Traeger right after got the WSM and it's just sitting in my garage...

  8. 3 minutes ago, texasdago said:

    Random Q... would putting one of those 10 hour hand warmer things inside of a styrofoam cover or another type of faucet cover actually help keep it warm overnight?  

    I tried it last night for the first time under the insulated cover our our pool backflow preventer as it's on the north side of the house...

  9. Didn't realize FAFSA is actually a requirement to graduate in Texas... (From our school district)

    The Texas Legislature established a new requirement for Texas high school students to complete a financial aid application in order to graduate.
    Starting in the 2021-2022 school year, 

  10. 2 hours ago, Grimas said:

    Take the high speed train from Madrid to Toledo and make a day trip of it. I got on one of those hop-on/pop-off tour busses from the Toledo train station and after the tour, got off and walked around town for a few hours before taking the escalators down and catching the train back to Madrid.  It’s a pretty small town to see in a day.

    One more nice day trip from Madrid is taking the train to Segovia - a roman aqueduct, Gothic cathedral in center of town and one of the castles that "inspired" one of the Disney castles.

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