ECA Marcellus Trust I V.ECT.H

Primary Symbol: ECTM

Energy Oil & Gas E&P

ECA Marcellus Trust I (the Trust) is a statutory trust. The Trust does not conduct any operations or activities. The Trust's purpose is to hold the Royalty Interests, to distribute to the Trust unitholders cash that the Trust receives in respect of the Royalty Interests after the payment of Trust expenses, and to perform certain administrative functions in respect of the Royalty Interests and the Trust units. The Trust owned royalty interests in the 14 Producing Wells and royalty interests in 52 horizontal natural gas development wells to be drilled to the Marcellus Shale formation within the area of mutual interest (AMI), in which Legacy ECA holds approximately 9,300 acres, of which it owned all the working interests, in Greene County, Pennsylvania. The Trust also holds royalty interests in over 40 development wells that are in production. Its subsidiary, Greylock Production, LLC, which operates subject wells. The Bank of New York Mellon Trust Company, N.A. serves as Trustee.

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ECA Marcellus Trust I

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Post by mmayeron Mar 15, 2018 10:56am

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Post# 27719910

So the question now is...

Were the LOIs a scheme for insiders to get out at higher price or are they real?

If the LOIs happen, this SP cannot stay so low...

For now, I am a bag holder but I truly believe that short/medium turn, this will fly, how high is another question but at these levels, I think it will be worth it.

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Gold, growth and sustainability in focus for Mandalay Resources