FLAG OIL CORP. OF DELAWARE v. KING RESOURCES CO.

No. 43873.

494 P.2d 322 (1972)

FLAG OIL CORPORATION OF DELAWARE, Plaintiff in Error, v. KING RESOURCES COMPANY et al., Defendants in Error.

Supreme Court of Oklahoma.

Rehearing Denied March 13, 1972.


Attorney(s) appearing for the Case

Carl Pinkerton, James C. Pinkerton, Tulsa, for plaintiff in error.

Harry C. Marberry, Oklahoma City, for defendants in error, King Resources Co. and Slats Honeymon Drilling Co.


BARNES, Justice:

The question in this appeal involves the effect, if any, of an amendment to an oil and gas lease, upon the continuance of the lease under the circumstances hereinafter described.

The lease is dated August 8, 1957. The lessors are Flag Oil Corporation of Delaware and Panhandle Cooperative Royalty Company, usually referred to hereafter as "Flag" and "Panhandle", respectively. One C.M. Fleetwood was lessee.

The lease's primary term was...

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