The ~100 acres auction due to close is our 'mineral rights' acreage we own. My expectations initially were that we maybe in the mark of the previous divestment figure however that is unlikely the case that a return maybe that high.
“Mineral acres” typically wont attract the same premium that Working Interest acres (that are on the cusp of full field development) do. As "mineral acres” are not on the cusp of full field development a purchaser cannot predict when it is going to be developed. Mineral acre owners have no control over the timeline to development, therefor the reasoning of the tempering of my expectations.
No doubt it will only be sold for profit but back to the thinking of how much
Keep well Cheers Paul
Selling the royalty acreage, page-33
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