Thank you for responding M. Barnes. In the past you have told me that the first offer is generally a low-ball offer. The company offering the lease for Section 14, T7N, R3W is Fillmore Energy Resources. They offered $2,750 per acre for a primary term of 3 years, 3/16 royalty, with 2 year option to extend or $2,500 per acre for a primary term of 3 years with a 1/5 royalty, with 2 year option to extend. Do you know if this is a reasonable offer? I tried looking on the OCC website and couldn't find info about leasing offers. It is probably there and I just didn't know where to look... In negotiations, do companies often agree to drop the 2-year extension option. I don't like tying up leases for 5 years.... And will companies often give an extension bonus? Thank you....