We’ve received an offer to purchase an undivided interest in this section with an option for 6 months to conduct due diligence and obtain site access. Does anyone know of activity in this section and who might be able to help us determine appropriate values?
Hi Lynly do you own the minerals or the surface? Also, what is the Block?
Minerals or surface? 6 months is an extremely long due diligence period…most companies simply ask for 30-45 days for due diligence.
Is this Sec. 161 Blk 34 or 33? If so, I would not accept this offer. Appears they want you under contract so that they can have time to go out and flip this to someone willing to pay a higher price.