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PITTMAN v. WEBER ENERGY CORP.

No. 98-CT-00358-SCT.

790 So.2d 823 (2001)

Crymes G. PITTMAN, J.R. Adams, Mary Allen, Frank H. Bell, Dr. Richard Blount, Stuart C. Brodie, Billy Clements, John H. Clements, Roy L. Hathcock, H. Julian Hendrick, Carl Herrin, Frank Jones, John Luckett, Dr. J.O. Manning, Dr. Mike Mockbee, Rives Neblett, Gus Primos, Peter K. Smith, J.H. Thames, Dr. R. Faser Triplett and Triplett Investment Club v. WEBER ENERGY CORPORATION and Shipley Production Company.

Supreme Court of Mississippi.

July 19, 2001.

Attorney(s) appearing for the Case

Joseph E. Roberts, Jr., Crymes G. Pittman, Jackson, Attorneys for Appellants.

Kelly D. Simpkins, Jackson, Attorney for Appellees.

EN BANC.

ON WRIT OF CERTIORARI

McRAE, P.J., for the Court:

¶ 1. Weber Energy Corporation ("Weber") and Shipley Production Company ("Shipley") executed an agreement to explore certain land in Texas for oil and gas. Shipley sold shares of its interest to various Mississippi Investors ("Investors"). The exploration was unsuccessful and the venture incurred substantial cost overruns. Weber sought to recover some of the costs from the Mississippi Investors...

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