| July 24, 2008 WENA Meeting Summary |
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July 24, 2008 WENA met at the Restoration Church in Euless, TX. David Schmidt, one of our Organizing Team Members, moderated the meeting. He updated the members on the progress we have made since our last meeting and thanked those who worked so hard to make it all happen. He also thanked Restoration Church for their generosity in allowing us to use their building for our meetings. David then introduced our attorney and lead negotiator, Mark Nastri, to the membership of WENA. Mark spent the next 45 minutes speaking about gas leases and what we want to accomplish as a group; what we can expect from a lease, the importance of staying united, each member taking responsibility to speak to the holdouts on either side of them or across the street about joining us, how soon we can expect to negotiate a deal depends on how soon we get most of the holdouts signed up, keeping members informed, and asking the lessees to pay our attorneys fees. After Mark's presentation, he had an open forum for the members to ask questions, which lasted another 45 minutes. Some issues that are important to our members: environmental protections, cost-free royalty, requiring the lessee to cover any costs of obtaining subordination agreements, and bonus checks to be paid in a timely manner. We will keep our members updated on a regular basis. If you have property south of Hwy 183 to the southern border of Euless, west of Hwy 157 to the western border of Euless excluding Morrisdale, which has already signed leases and wish to be kept updated, you need to sign a "Memorandum of Intent," which is a downloadable document on this website. Click on the document, print it, fill it out and mail it to Patty Cook at the address on the bottom of the document.
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