Since the WCT properties are interspersed with SD acreage, what were the relationships? Were they using SD SWD wells? Were they contracting SD drilling on their acreage? How much of a freeride was WCT getting off SD and will it stop, will they be hurt by a dislocation from SD, are there grounds for insider trading or embezzlement?
I doubt WTC's holdings would be any different than SD's in that it's a use it or lose it scenario for each section of land. The new board is presently undertaking using and independent party to investigate the WCT/SD dealings.......hopefully there'll be lawsuits on the shareholders behalf seeking some restitution for whatever wrongfully occurred.
From what I have read....WCT was just flipping properties to Papa Tom, making millions. There are no wells being drilled by Ward's kids. Now.... maybe they have % ownership in future wells? Just like dear ol' Dad.
Fine, they collected 475,000 of beach front property in Oklahoma and Kansas for fun. What was their game plan and how much of it involved/was dependent on SD building out all that infrastructure in the region?