GulfSlope Energy Inc (GSPE)

[smith199]

There is not much info in your post. But normally a royalty is calculated by taking the amount of the production multiplied by the price agreed to as your share % in the contract. At first glance, it seems the price is not your issue.

Has there been any production off the lease your royalty contract covers? If yes, then the minimum I would do is hire an oil & gas accountant and an attorney for a review. If there has been no production, then that’s the problem.

But it could also mean that the company the lease is with has not kept to the conditions agreed to in the lease contract. If so, perhaps you can lease to someone else. Good Luck.




Mrs. Smith