Here is the actual post that I saw on SH. This brings up some interesting questions:

1) Why would Park Place spend good money to take over the GNNS's share of a supposed "dry hole;" and

2) Why would GNNS retain a 1% Gross Overriding Royalty for the same "dry hole?"

Some people are smart and some are not. If you believe the "bashers" on SH, everyone associated with MEO and JB#2 is stupid. That is getting to be an awful lot of people.

Panamax

Park Place Energy Corp

Park Place Energy Corp. Announces Acquisition of Interest in Tennessee Property and Appointment of David Stadnyk as Chairman
12/14/2007

OTCBB: PRPL FRANKFURT: 3P2

CALGARY, Dec 14, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
Park Place Energy Corp. ("Park Place Energy" or the "Company") announces that it has acquired a 5% participating interest (the "Interest") in the Morgan Highpoint Oil and Gas Project in Tennessee from Great Northern Oilsands Inc. ("Great Northern"). The Interest has now been transferred by Great Northern to Park Place Energy in settlement of indebtedness of $363,500 owed by Great Northern to Park Place Energy. The Company has also agreed to pay Great Northern a 1% Gross Overriding Royalty on any production that arises from the Interest and assume and pay Great Northern's 5% share ($100,000) of the current $2,000,000 Supplemental AFE that is currently owing to Montello Resources Ltd. on the John Bowen # 2 Well that has been cased to 9,557 feet. Park Place Energy is excited about having the opportunity to be involved in the potentially high impact Morgan Highpoint Oil and Gas Project in Tennessee. Eric Leslie, President & CEO of Park Place Energy is also pleased to announce that David Stadnyk has rejoined the board of directors of the Company as Chairman. Mr. Leslie stated "We are pleased that as Chairman Mr. Stadnyk is further committed to assisting in the growth and development of the Company."