All,

POSAR and SEACTX need your help!  This is YOU participating…

Since the contract is now official, we need to spread ‘the word’ about this record-breaking deal.  I ask our members to place a sign in your window or in your yard that states:

WE DID IT!!!!!!!!!!!!!!

$26,517 PER ACRE!

Don’t sign with anyone other than POSAR/SEACTX.org

For information see: www.posar.info or www.SEACTX.ORG

Please flood the neighborhoods with signs.  Show that you are part of this deal.  Let’s spread the word…

For your viewing pleasure:

http://www.star-telegram.com/804/story/605774.html and http://seactx.org/events.html

Following is an excerpt from an e-mail from SEACTX.

“It is our sincere pleasure to announce that the Steering Committee has unanimously approved a deal with XTO Energy.

Signing Bonus: $26,517 per acre, including all strips, easements, etc.
Royalties:          26.5% before expenses
Term:                 3 year primary/2 year secondary
Extension:         $26,517 per acre
No surface use
No guarantee of title
No subordination fees

A finalized copy of the lease agreement will be posted on the website as soon as possible. Please hold all lease questions until it is posted and you have had a chance to review it. Any answers do not constitute legal advice, as we are not attorneys; we are volunteers with a basic working knowledge of typically acceptable clauses found in other leases.

Due to the size of the group, it will take several weeks more before signing parties can begin. We are in the process of ironing out the details of the hows and whens, so please be patient. As soon as they are finalized, we will post it on the website, so check www.seactx.org frequently.

Now that we have secured this record-breaking deal, the landmen will no doubt come back into our neighborhoods. They will try, as they always do, to get you to sign with them. They may go door to door, claiming that they are representatives of our group. That is false. We will host signing parties at an off-site location; we will not come door to door telling you to sign the lease. If you receive anything in the mail, please check with your street representative, neighborhood spokesperson, or the SEACTX website first to confirm if we sent anything out – it may be a ruse.”

Please check back frequently here ot the SEACTX web site (www.seactx.org).

The bonus is $26,517.00.

All,

I am happy to announce that a deal has been negotiated with XTO Energy.  We waited a long time for this – Thank you for your patience and support.  Also, I want to thank the SEACTX negotiating committee. 

·         $26,716 Signing Bonus per acre.

·         26 and ½ percent royalties (from the well head).

·         3 year primary lease.

·         2 year secondary lease at the original signing bonus.

Please check the web site of POSAR (www.posar.info) and SEACTX (www.seactx.org) for updates.  The final contract should be available for download for your evaluation in about a week.  This will give you ample time to check it to see if you feel comfortable with the ‘deal.’ 

We will organize signing parties and will announce the dates soon.  Please remember, DO NOT SIGN with anybody at your door even if they claim to have the SEACTX contract.  Only sign the contract at an official signing party organized by SEACTX/POSAR.  Let us know if you are approached by other companies claiming to give you an even better deal.  Please look at the TOTAL package.

We are on the ‘homestretch’ now.  It is almost done!  Congratulations, and thanks to all involved.

Please follow the link below to an update from SEACTX.

http://www.seactx.org/events.html.

Negotiations are still ‘under way.”  Hopefully, we will have this completed soon.

Here is an article regarding Gas Deals and the contractual fine print.  In our negotiations, the contract will address this issue.  There should be no costs to the home owners.

http://www.topix.com/forum/city/arlington-tx/TDC0QKK6KN6CJ76KR

If you have your property’s length and width, here is a helpful tool that you might want to use to estimate your property size.  It is free to use and was discovered by one of our members:

http://www.ez-calculators.com/land_acre_conversion_calculator.htm

POSAR Members,

In order to increase our chances to ‘get a better deal,’ it was decided to join with the SEACTX (www.SEACTX.org) group. 

As a registered POSAR member

-          You do not have to do anything as you are automatically registered with SEACTX.   

-          Please refrain from registering at the SEACTX web site. 

For any interested new members, I do encourage you to register at http://www.seactx.org/letterintent.htm.  Registration is not legally binding (as it was with POSAR).  Clarification:  POSAR registration was non-binding as well.

One word of caution:  Do not sign anything that was brought to your door.  Signing parties with SEACTX and POSAR representatives on-site will be organized.  Remote owners registered with POSAR will be contacted directly via mail.

The contract currently proposed is available for download at www.SECTX.org.  Search for ‘New SEACTX Contract Proposal’ section.

Please check the www.posar.info and the www.SEACTX.org web sites for updates.