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Permalink Reply by Barry D on August 31, 2014 at 9:56am

Joseph,

If someone is offering to buy your rights then there must be value. But as we have seen over the last few years the value of oil and gas rights can go up or down quickly.

If you don't need the money now it might be worth waiting.

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Permalink Reply by Barry D on August 31, 2014 at 10:12am

I forgot to ask, have you had any offers?

I know it's none of my business, but it may help people more knowledgeable than I give you a better answer than I did.

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Permalink Reply by Joseph Fischer on August 31, 2014 at 11:05am

No I haven't had couple lease offers but nothing ever went through. Think they are focusing on the eastern part of guernsey I guess.

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Permalink Reply by Donald Berger on September 2, 2014 at 6:05am

Personally I would not sell my mineral rights and decrease the value of my property.

If I were up in years which I am getting there fast and needed the extra money. I would look into a reverse mortgage. As I understand the property and mineral rights are yours until the end of the mortgage and signed off.This way if in the future if I would come into a lease or money, I could pay back the reverse mortgage and still have my property & mineral rights.

Just a thought

Good Luck & God Bless

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