Most of there leases are expiring in November -December 2016 . Are they going to extend them?

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Be patient. Technology will improve and the "core" drilling areas will become less available. The Artex holdings are in the elusive "oil window". Companies are only drilling the easy money right now. $60 oil might bring activity west.

Most likely! But not at same $$...They will be trying to lease at lower % and take out all the good! All and any clauses that protect the land owner. Basically be a take what we offer or let "someone else"... maybe lease you years from now crap! inhancement clauses out the door!


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