North Eastern Resources buying royalty interests

Has anyone done business with Northeastern Resources? I talked with a rep yesterday and they seemed interested in buying a portion of my 20% royalties here in wills township. I am willing to sell 25% and they offered me an estimated 50K for that and said it would be a partnership and they would negotiate future lease agreements and get the best possible lease bonus and % of interests. My lease with A.E.P. expires in about 2 years and I have yet to be in a unit. There are rumors about a well going in near me but have not heard anything from anyone.....   

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Permalink Reply by lance on August 14, 2014 at 1:39am

Thanks everyone for your insight and advice. They don't want the mineral rights just the royalty interest from the gas and oil. At least that's what the guy told me. I will look into this further and have an attorney look at this agreement before I sign anything..... 

015334grltd9mPermalink Reply by 015334grltd9m on August 13, 2014 at 4:20pm
Get a good lawyer before someone here goes to jail for practicing law.

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