Replies to This Discussion

Permalink Reply by insomniacnla on October 21, 2009 at 2:33

Ten years is a very long time. If you post the name of the company making the offer, members could probably tell you more.

Permalink Reply by Digger1 on November 24, 2009 at 15:49

Did we ever get the name of the company?

Permalink Reply by Bobi Carr ("parker") on October 22, 2009 at 15:49

Ms. FitzGerald,

Just because your company SPECIALIZES in buying royalty doesn't mean that this is an offer to purchase minerals. Twin cities has recorded quit a few 10 year leases. I can imagine that any other company that can find someone foolish enough to do so will also.

But James, as Jay said, I would run away from these folks as quick as you can.

Permalink Reply by NA on November 26, 2009 at 15:59

Parker,

Fitgerald is correct reread the original post please tell me you don't think that is a ten year lease offer. The trick? They want 25% of the persons royalty.

Permalink Reply by Tim on November 25, 2009 at 10:22

Be careful of these releases. They sound good on the front but not so good when youend up. 10 years is a long time but at the end of ten what happens? You loose your royalties? You loose the ability to lease again? It sounds good but look down the road 10, 15 or even 20 years.

Permalink Reply by Coondaddy on December 8, 2009 at 22:00

THE COMPANY WANTS 25% ROYALTY??? SOUNDS GOOD TO ME OFFHAND, BUT I MAY BE MISINFORMED. BUT NORMALLY, THE COMPANY WANTS 75% OF THE ROYALTY AND THE CUSTOMER IS UCKY TO GET 25%.