New Mexico Exploration License with Option to Purchase Minerals on Installment Payments

• Category: Oil Gas and Minerals
• State: Multi-State
• Control #: US-1341007BG
• Format: Word; Rich Text

Description

Mineral exploration requires high investment, sustained cash inflow, and considerable time with inherent high risk. Exploration drilling is planned in a grid pattern to be conducted in sequence to facilitate midterm assessment of quality, quantity, and reliability of the estimates.