All the terms and conditions of the lease can be extended into the future in 15 year blocks of time. They all have a renewal clause. NOT ROCKET SCIENCE and very conventional for all natural resource assets. As this property is developed with wells in the future, the caribou, deer, fox, wolf, and moose will still be able to roam and pass through the area with little distraction. HE HE!!
VERY Possible. I see this as the BEST way to go at this time. At any time anyone proves up a MAJOR ECONOMICAL ASSET, you also acquire a list of interested companies that will find it very valuable to own and develop in their own time. Many major companies can purchase and sit on an asset like this for decades. It looks great on the Balance Sheet, Can be used for other business leverage, and will be developed in its own time.