One must be very careful about any offer pertaining to royalty leases. I have seen several in the last few years that are actually a scam when the fine print says they are paying about $200 and now control all mineral acres one owns everywhere, they make themselves and their attorneys the mediator, etc. (And they never mention that quite a few horizontals are about to be drilled.) Without seeing the original document, this memorandum by itself is only a memorandum for filing.