I received an offer to lease however the bonus payment has a contingency on the timing of the payment. The payment is suppose to occur within 15 days when a Form 1003A is filed with OCC or a release of oil and gas leases filed with the county.
What is a Form 1003A? Who would file the Form? It feels like there should be some outside date what one of these conditions needs to happen by. I don't want to have my mineral rights lock up indefinitely...
Any help would be greatly appreciated. Thank you