They might not need to worry about squeezing a few more dimes out of us for long!!!!....

Here are some highlights from this newly released report done by the Pa legislative budget & finance committee!!!

PGC SGL #12 and #36, containing a combined 43,466 acres, appear to represent the most
valuable PGC property. Should these two parcels lease at the level of recent transactions, the
signing bonus would be over $249 million. Assuming a royalty rate of 20%, these lands could
eventually net the PGC $1.07 billion above and beyond the signing bonus (given $4/1000 cfe gas).


SGL #13 and SGL #57 consist of a combined 95,021 acres in parts of Luzerne, Sullivan, and
Wyoming Counties. This is by far the largest nearly contiguous acreage in the PGC portfolio and
much, if not all of it, is prospective for Marcellus gas. It is reasonable to suggest that SGL #13 and
#57, which is double the size of SGL #12 and #36, may well realize twice the revenue as the
former.

http://lbfc.legis.state.pa.us/reports/2010/42.PDF


Carl Roe replied that in that region they only hold 24% of the gas rights. Thats still 24% of over 3 BILLION dollars estimated! Which is well over $700,000,000!!!! And could concieveably be higher!! + a portion of that 249 million signing bonus spoken of!

And thats in just one part of the state!!