Lease options - what would you do?

My first post, really enjoy the website. We've got a couple offers for our appx 100 acres in T1S, R5E, in Avoyelles which from the map posted on this site is just north of the shelf edge which I'm thinking is a good thing. One offer 3 year/2 year $350/300 bonus 20 percent royalty, or $225/200 with 22.5 percent bonus, same company. Original offer 6 months ago, $150, 5 yr 20 percent. I'm wanting to wait a while longer, better half is ready to go for the larger bonus offer, says land's been leased on/off for 30 years never panned out. Just looking for some opinions, what would you do? Thanks appreciate your thoughts

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Permalink Reply by Mary Magdalene Donovan on April 11, 2012 at 6:58pm

Deanie,

Can you tell me where the map you mentioned in your opening comment is posted so that I may take a look at it? Thanks.

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