Mr. Speckman, ethics aside, from a practical veiwpoint, do they have your executed lease in hand ? If so you could face a legal battle costing tens of thousands of dollars, possibly $50,000 to $100,000 dollars which you could lose and you might have to reimburse the lessee for the same amount should you lose. Do you have so many acres in this lease that $25 per acre would make the risk worthwhile ?...... Getting on to the ethical part, yes it's insulting to be paid late. If they did not already have my lease in hand, I might point out that they did not have my lease and that they didn't abide by the terms of our original agreement, that I am still marketing my minerals whether it be to them or someone else. The point is that when it comes to executed leases, posession really seems to be 9/10ths of the law. I am in a legal battle right now with a company that has a lease I executed that never paid me or told me we had a deal. I had to find out they recorded the lease after the terms of the draft had expired, through a record search. It has been an expensive uphill battle the whole way. I'm reasonably sure my lawyer is going about it the hard way, and he may get fired soon. I would say that if you have complete records and the lease in your posession do whatever you like. If they have your executed lease in their posession be ready for a fight if you want to repudiate the lease, which is probably the only basis in which they would even consider a renegotiation. Good luck with your decision.