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120 acres oil & gas minerals in Kiowa County Colorado
120 acres oil & gas minerals in Kiowa County Colorado

120 acres oil & gas minerals in Kiowa County Colorado

Lot Closed

This item is in Denver, CO

Overview of 120 acres oil & gas minerals in Kiowa County Colorado

Item Details

Kiowa County, CO. (120 Acres) W/2 Sec. 23-19S-46W Leased at 1/8th to Diamond Resources 5+5yr. primary dated 7/6/2011

Payment

Online/Internet Bidding requires the Bidder to complete an "Internet Bidder Registration Form" prior to being able to bid in this auction. CONTACT MINERALMARKETING.COM FOR A COPY OF THE INTERNET BIDDERS REGISTRATION FORM. In addition, the Bidder is required to send a photo copy of their drivers license for security verification purposes. All mineral purchases in this event require the winning bidder(s) to sign the purchase agreements and place ten percent (10%) of the total contract price (with buyers premium added) into escrow. Payment can be made by (cash, cashiers check, company check with approval, and wire transfer). There is an (11%) internet buyers premium which is added to the high bid on each lot, to determine the Total Contract Price. The Buyers Premium for onsite bidding is 10% and will be added to the high bid on each lot, to determine the Total Contract Price. The full balance of the purchase price will be due at closing and must be paid in certified funds.
CheckWire Transfer

Auction Details

Auction of over 15,000 Mineral Acres in CO & KS1325 Glenarm Place, Denver, CO, 80204Wednesday, Sep 18, 2013 | 2:00 PM CDT

Terms Of Sale

DOWNLOAD THE AUCTION BOOK AT: https://www.dropbox.com/sh/iij3kaq6okw121s/ONsJcK8IFP Oil & Gas Mineral Auction (September 18, 2013) in Denver Colorado Terms & Conditions for Online “Internet” Bidders/Buyers Registration Required: Internet Bidders unfamiliar with Proxibid.com need to first register with Proxibid by going to www.Proxibid.com and creating a new account. IN ADDITION: Internet Bidders are also required to review, sign and return the Online Bidder’s Registration Form no later than 24 hours prior to auction. A photo copy of a valid driver’s license must accompany the Online Bidder’s Registration Form for security verification. Online bidders can obtain a copy of this form on the auction company’s website at www.MineralMarketing.Com or by contacting the Auction Manager at (719) 349-1966. Bidder’s Qualification: Bidder hereby acknowledges and represents that Bidder is experienced in the oil & gas business and is aware of the risks associated with purchasing oil & gas properties. Bidder’s assessment and value of the Property is determined solely by Bidder’s independent evaluation and not by any statement or representation from MineralMarketing.Com or the Seller. (Internet)Buyers Premium: An 11% Buyer’s premium (charged to Internet Bidder) will be added to the high bid on all properties purchased by Bidder to determine the total purchase price. The Buyers Premium for onsite bidding is 10% and will be added to the high bid on each lot, to determine the Total Contract Price. Purchase Agreement: Internet Bidders winning the “high bid” are required to sign and return the purchase agreement and place 10% of the total contract price in escrow (via wire transfer) within One (1) banking day following the auction, with the balance due at closing. The Purchase Agreement associated with this sale is non-contingent and non-negotiable. Please contact Auction Company for a copy of the Purchase Agreement. Default: If the Internet Bidder submitting the winning “high bid” should fail to sign and return the Purchase Agreement according to the terms listed herein, Bidder shall be liable for damages to the Seller and Auction Company. Title: Properties will transfer by Mineral Deed (without warranty) in a form acceptable to Seller and subject to oil and gas leases of record. Abstracts and/or title documentation will not be provided. It shall be the Bidder’s sole responsibility to perform their own research, due diligence and examination of all records on properties to satisfy themselves as to the condition of title. Bidders are encouraged to review title on any properties they are interested in, prior to the auction. All information is taken from sources believed reliable; however, no guarantee is made by the auction company, agents, or their employer. Any announcements made the day of sale take precedence. Sellers Confirmation: Minerals are selling subject to seller’s confirmation. Winning Bidders shall be notified of Seller’s acceptance or rejection of bids no later than Monday, September 23, 2013 by 5:00p.m. Internet Bid Execution: Please note that the execution of Online “Internet” and/or “Absentee” bids is offered as an additional service and at the bidder’s risk. It is undertaken subject to auction company’s other commitments at the time of the auction. The auction company therefore cannot accept liability for failure to place or accept such bids, whether through negligence or otherwise. Online bidders understand that the loss of an internet signal may result in the bidder’s inability to place a bid at a critical point of the auction. The auction company shall not be held responsible for any loss of internet signal or electronic bidding complication during the auction. Internet bidders assume all risk with registering, bidding and participating in the auction via the internet bidding platform. In the event of communication loss during the auction, the auction company shall make every reasonable attempt to restore the online function as quickly as possible Securities Disclaimer: This auction is not an offer to buy or sell securities. MineralMarketing.Com is not a licensed U.S. Securities Broker or Dealer, nor a U.S. Investment Adviser. Anyone doing business with MineralMarketing.Com is hereby advised to conduct their own due diligence and consult with a licensed professional before making any investment decisions. This includes purchases made at the above mentioned auction event. MineralMarketing.Com Disclaimer: It is expressly understood by the Bidder that MineralMarketing.Com, their associates, agents and representatives do not warrant the present or future value, the size or area, the physical condition, limiting restrictions, access, costs, anticipated profit/loss, or the condition of title and/or merchantability to any property being offered within this agreement. The parties hereto will hold harmless MineralMarketing.Com, their associates, agents and representatives for any claims arising out of any representation or misrepresentation relating to such matters. All Parties specifically understand and agree that said property is being sold “AS IS, WHERE IS” without representation or warranty of any kind, other than as expressly set forth herein. Auction Conduction: The auctioneer is the final authority of any and all bids being placed during the auction. In the event of a tie bid, the auction company may (at auctioneer’s sole discretion) reopen the bidding between the bidders involved in the tie bid. The auctioneer has full control to set the bidding increments and the pace of the auction event. Jurisdiction/Venue: In the event of litigation arising out of this agreement the Bidder hereto agrees to both jurisdiction and venue in Woods County, State of Oklahoma. Bidder hereby acknowledges and agrees to the above terms and conditions. BIDDER SIGNATURE: _____________________________________ DATE: _____________ Bidder Name (print name): ________________________________ Tax ID______________________ Address: ___________________________________________________________________ City: ________________________________ State: ____________ Zip: ___________ Phone _______________________________ Fax: ______________________________ Email: _____________________________________________________________________ CONTACT INFORMATION: For more information or to receive an auction brochure please contact MineralMarketing.Com. Email inquiries can be sent to info@mineralmarketing.com Phone inquiries can be made to: ** Virgil George * 719-349-1966 ** Craig Kerfoot * 719-688-2222 ** Shane Terrel 580-327-7889 ** Shawn Terrel 580-747-6068 National Headquarters - Alva, Oklahoma (580-327-4440) --INFORMATION IS SUBJECT TO CHANGE PRIOR TO AUCTION— --WATCH OUR WEBSITE FOR UPDATES--- www.MineralMarketing.Com The Oil & Gas Marketplace
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