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WALTON v. ZATKOFF

Calendar No. 109, Docket No. 50,124.

372 Mich. 491 (1964)

127 N.W.2d 365

WALTON v. ZATKOFF.

Supreme Court of Michigan.

Decided April 6, 1964.

Attorney(s) appearing for the Case

Donald A. Schindler, for plaintiff.

Bodman, Longley, Bogle, Armstrong & Dahling (Carson C. Grunewald and Alfred C. Wortley, Jr., of counsel), and Stuart H. Redner, for intervenor plaintiff.

Richard J. Schonk and James T. Corden (Delmer L. Cleland, of counsel), for defendant.

SOURIS, J.

On September 6, 1951, defendants Zatkoff entered into an oil and gas lease with Panhandle Eastern Pipeline Co. The provisions of this lease, pertinent parts of which are set forth in the margin,1 gave Panhandle the right to annual extensions of the lease through September 5, 1961. On April 24, 1961, Panhandle and plaintiff Walton made an agreement whereby Walton was to drill a test...

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