Bridge Resources Corp V.BUK

WTF is this?

[losvegas]

"In order to address the amount of gas back-out of existing wells feeding the LAPS pipeline caused by the high pressure and volume Durango well, Bridge has agreed to allocate certain production revenue to such existing legacy LAPS well interest holders in order to make up for the diminished production of such legacy wells during the higher pressure and volume production period of the Durango well."
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Has anyone previously seen any reference to paying other producers part of OUR revenue?
And just how much is it? That is material information and should have been disclosed.

[Mrigs]

To finish the quote"The intention is that Bridge will recapture this production revenue at a future date from such legacy wells in an equitable manner. This back-out issue is being addressed by a formal Joint Reservoir Management Group to confirm equitable gas balancing and repayment procedures. "It looks as though we are giving out loans now.  A future business parter/deal could be

[molymoney]

The way i see it we have about 30mmcf / day equivalent, but beacause of our increasedpressure the lower pressures wells in the area have to reduce production. Therefore wewill temporarily be enforde by UK REGULATIONS to pay them the difference in lost revenue.We will be compensated later as reviewed, but the problem is we don't know the amount of moneywhich we need now.The future targets we

[mjl777]

Refer to the Dec. 18th release below. The fact that there were line balancing issues that were in the process of being addressed was disclosed in this news release and discussed on this thread. H/e, it would be nice to know just what proportion of the company's revenue is being allocated to existing legacy LAPS well interest holders. I suspect that this info. will be forthcoming, h/e, this

[mikerosoft666]

So do I understand this correctly ?  We will have to compensate the other subscribers to the pipeline because our pressure is too high and superseding their flow ?  Or have I over simplified it ?And so now we are waiting for a number that will be subtracted from our revenue so we can figure out what the cash flow is worth ?Not a pipeline or Gas Well engineer so having some difficulty