I have been asked to help procure copies of letters by Cobra Petroleum Company for a state civil law review.  I am not privy to all the details. What I know is that a Shreveport-Bossier area legislator has asked for a review of civil law as it pertains to unsolicited offers to purchase mineral rights.  GHS members have discussed these letters in the past and I have personally attempted to get local media to cover them with little success.  The letters will be redacted so that the recipient(s) and their personal information will remain anonymous.  It would be most helpful to the committee that will review the law and the practice of sending unsolicited letters seeking to purchase mineral rights which include a draft which can be confused for a bank check.  Anyone who would consider providing a copy of their letter can send it to me by off site email by "friending" me and getting my personal email address from my member page.  Please attach a scanned copy of the letter to your email.  You may redact your personal information or request that I do so for you.  If anyone would prefer to mail their copy please send me an email and I will provide a mailing address.  Your assistance in this matter would be greatly appreciated.

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If a solicitation letter does not include a form of payment, it does not fall under the proposed rules.  A mineral buyer may still send a letter with a form of payment but must meet certain requirements for notice of rights of rescission.  If the notice requirement is met, the rescission period is 60 days.  If the notice requirement is not met, the rescission period is three years and may include a penalty and court costs for the transferee.  The transferor may rescind the sale within the prescribed period but must return payment in full. 

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