Replies to This Discussion

Permalink Reply by Utica Shale on February 8, 2012 at 10:27am

Wait 14 more days.

Permalink Reply by Jim Henderson on February 8, 2012 at 4:55pm

I agree.  The check may be a few days earlier, but not a few weeks early.

Permalink Reply by Martin J Huth on February 9, 2012 at 12:09am

So then, since they have not yet sent me a denial letter saying that they would not honor the lease, I can more than likely expect approval from them about the lease?  Does it usually take a shorter period of time for them to not apporve a lease than it does for them to approve the lease?

Permalink Reply by Utica Shale on February 9, 2012 at 3:08am

Martin,

 CHPK is researching the Deeds and all previous Leases as quickly as possible. I am sure that Chesapeake will hold all of its CASH to the very last minute possible, too. IF CHPK finds an issue with your deed they will contact you and they may even ask for an extra 30 - 45 days to further investigate the problem and possibly resolve the issue.

 

 I would not assume anything until either you get your Signing Bonus within 14 days or you receive a letter from CHPK.

 

Permalink Reply by Martin J Huth on February 9, 2012 at 6:38am

Thank you