Someone just offered to buy my lease, what does that mean?

The day after our seismic an investment company sent a letter offering to buy all or any part of our mineral rights on the land that they knew was already leased. We're not foolish enough to take it, but it got us wondering if this is a sign we're about to hit or just a gamble by the company that they might make money. They offer $7500 an acre. Did anyone else get a letter like this? We're hoping it means that Petrohawk found something, but we aren't shopping for a new boat just yet! Any ideas?

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Permalink Reply by The_Baron on July 7, 2009 at 10:02
Big differance between selling rotyalty and minerals is who has control.

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