• Next Bridge Loses Lease

    In a surprising move, the board at the University of Texas does not extend the land lease for Next Bridge.

    Well, this sucks. There’s really no way to positively spin this one, because the oil and gas assets in the Orogrande will be gone after December 31, 2024.

    In an October 8 press release Next Bridge disclosed the information.

    Community members have speculated to the reasoning behind the lost lease, but no definitive answer is known at this time. It appears Next Bridge had met all their terms of the lease so many suspect foul play by organizations trying to sabotage our investment. University Lands even tried to “terminate” their rights effective immediately, to which Next Bridge denied.

    Both Ali from Trading Secrets and Houston Wade offer some perspective in their videos linked here.

    The speculation will continue until we know more. Greg McCabe, CEO of Next Bridge is quoted in the press release as looking forward to letting shareholders know more in the coming weeks and months. Greg, if you’re reading this, that’s not acceptable. Please inform your shareholders in the coming days of the situation.