Subsurface Agreement

The General Staff considers that the existing IAS 38 and IAS 16 are clear in deciding whether the basic rights are tangible or not. The General Staff also plans not to make the proposal to modify the conclusion of the preliminary agenda decision in order to better answer the question indicated in the filing and to avoid confusion of non-leased items, which is not discussed in the preliminary agenda decision. If you own the surface rights, you don`t always have the subsoil or the mineral rights. In the United States, mineral rights can be owned independently of surface rights. Mining rights may be owned individually, so that the company holding the executive right does not necessarily own the mineral royalties or related royalties. .