DETAILS AND DOLLARS IN THE NEW CORRIZO OFFER TO SWAPO2

[SWAPO2 Neighborhood Rights]

The bid committee has approved an offer from Corrizo (represented by Carburante) with a bonus payment of $17,000 per acre, more than the current Dale offer of $16,850, plus a 25% royalty WITHOUT any cost deductions such as found in the inferior Dale offer. You get the bonus for a three contract, and then you have a two-year extension option where you can get the $17,000 bonus paid yet again for that period.

Corrizo is offering more dollars per acre than Dale for the signing bonus, $17,000, and is also adhering to all contract and expense provisions as rigorously enforced by the SWAPO2 committee.

The committee also had to take into account that Corrizo has been honest and lived up to their statements through the relationship, and Dale has broken promises and directly attempted to split up our group by timing a mailing on the day of our meeting, despite promises to the contrary. We feel that waiting any longer for more bidders risks losing a large segment of our area to Dale and their premature offer.

Therefore, the bid committee voted unanimously yesterday to accept the bid from Corrizo represented by Carburante.

SWAPO2 and Corrizo will be hand-delivering several thousand offering letters to all the streets in the new, expanded SWAPO2 (see new map). We will then begin signing meetings on approximately the same schedule as those in the Dale offering. Not only will Corrizo representatives be there, but your own SWAPO2 members will be volunteering to explain the contract provisions and convince you that this is the right plan for our neighborhood: financially, environmentally and for the long term.

Read the press release sent out today.

No problem reading our superior SWAPO2 lease by clicking here.

Stay tuned for more updates and a detailed list of signing meetings. Look for the hand-delivered offer coming to your doorstep Friday or Saturday.