Re: Paid for seismic testing?
We don't own the mineral rights under our Club land. The first outfit that came in looking to drill shallow wells didn't pay anything. The next outfit (from Texas) paid us $1000 for deep well seismic testing on our 500 acres. Our land was part of a 45 square mile lease. The Texas outfit paid out $35 million just to seismic test that lease.
This is who we are. This is what we do.