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Leasehold |
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Ezratty, who explained that this differs from many operating leaseholds with rent payments determined by regular re-appraisals of the value of the land. The acquisition of oil and gas properties with shut-in wells and leaseholds that were prematurely abandoned, that directly offset by producing wells, provide Avalon an opportunity to use advanced technologies to re-establish production, and generate stable cash flows with a high rate of return on invested capital. Keen has announced that the leaseholds will be auctioned on February 24, 2006 and the deadline for submitting bids is February 22, 2006. |
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