Reference

Gross Acres

Net Acres

Lease Expiry Date (1)

Annual Rent (2)

Annual Advance Minimum Royalty (3)

Production Royalty Rate (4)

ML-49927

4,319.9 

4,319.9 

5/31/2025

$4,320 

$43,200 

6.5% 

ML-51705

1,560.0 

1,560.0 

1/31/2030

1,560 

15,600 

8% 

Total

5,879.9 

5,879.9 

$5,880 

$58,800