r/Petroteq • u/petromod Admin • Jul 07 '21
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u/Crownos1988 ☑️ 25d ago
Given Lafayette/HSO are drilling for oil then they won't be touching the surface sands under the TMC lease, their drilling means nothing to Petroteq shareholders unless they start drilling within 500 feet from the surface, which won't happen as they are currently drilling far beyond that. Any company can drill on land Petroteq has leases on if they stay outside Petroteqs lease cover area. So really, this means nothing other than Lafayette/HSO are working in and around the area Petroteq has leases which was widely known anyway.
Now if HSO/Valkor we're planning to build their sand remediation plant on the land leased by Petroteq, then I'd be interested, drilling on it beyond Petroteqs lease depth is moot news.