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Permalink Reply by stroud on November 8, 2008 at 15:29

talked to a ruston landman, i believe it was mr. smith, about 75 days ago...........not much lease bonus, not much royalty, thats understandable, not much area activity..............BUT..............no information as to potential project.............asked for a copy of lease be mailed to me..........still waiting

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Permalink Reply by chattykb on November 8, 2008 at 15:48

Was he asking about land in Columbia Co.? He's offering 1/8th RI and 1/16th OR, $150 per net mineral acre bonus. It doesn't seem like a fair offer even it there is no activity in the area.

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Permalink Reply by stroud on November 8, 2008 at 16:01

i believe the offer was $75 and acre with 1/6 royalty.............maybe that's all it was worth..................but i would hope not..............yes columbia co...........we could have at least talked with your offer...................they will probably take an OR and some $s and sell leases to the smart guys with $s.

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Permalink Reply by chattykb on November 8, 2008 at 17:24

Okay, what do you know? Should I deal with them or what? I'd appreciate any info. you can provide. Thanks!

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