We have some acreage in section 12 and 13 that has been approached. Is anyone else getting offers in that area? Bonus amount seems fine, royalty is 18.5%, but they offered a 5 year. We have always had 3 year terms, but haven’t leased in a while. What are other people seeing?
There has been no leasing in that township since 2019. That township is in Williams Co. Five years sounds like speculation for a long wait. Koda Resources is active in 160N 103W just to the north, so something might be developing.
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Indeed you are correct–North End of Williams, just south of Grenora and Divide. I know Koda has been kind of active in the area, but this is from Phoenix. I’m not sure if they are just trying to get a speculative piece since Koda has a decent part of the area.