Hi, I have a lease offer to share and a couple of questions. My father recently received an offer on some mineral rights he bought back in the 80s and had completely forgtten about. He was contacted by Spectrum Land Services I beleive on behalf of RIM Operating Company. The rights are in township 32 section 15 range 56east. The offer is for 500 per acre for 4yrs with a 2 yr option to extend at 400.00 & 18% royalty. I know we want to stick to 3yrs on the term. I am wondering if anyone has dealt with Spectrum or RIM. Also, is the option to extend a good idea? the offer is for only 2 net mineral acres/640 gross mineral acres. It is in the Roubaix Prospect.
Thanks in advance for your thoughts.