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McKIBBEN v. MOHAWK OIL CO., LTD.

Nos. 6654, 6674 and 6675.

667 P.2d 1223 (1983)

Harley McKIBBEN, Adolph Vetter, and Roudolph Vetter, Appellants/Cross-Appellees, v. MOHAWK OIL COMPANY, LTD., Mohawk Oil & Gas Company, Ltd. and Tricon Mining, Inc., Appellees/Cross-Appellants.

Supreme Court of Alaska.

July 29, 1983.

Attorney(s) appearing for the Case

James A. Parrish, Parrish Law Office, Joseph W. Sheehan, Fairbanks, for appellants/cross-appellees.

Joseph J. Perkins, Jr., Lynn M. Allingham, David Bundy, Ely, Guess & Rudd, Anchorage, for appellees/cross-appellants.

Before BURKE, C.J., and RABINOWITZ, MATTHEWS and COMPTON, JJ.

OPINION

BURKE, Chief Justice.

Plaintiffs Harley McKibben, Adolph Vetter, and Roudolph Vetter are the owners of the Christina mining claim located near Fairbanks. On December 2, 1977, plaintiffs entered into a mining lease agreement with Joseph Taylor and Paul Rice, giving Taylor and Rice the right to mine the land in a workmanlike manner until March 15, 1978. The lease also provided that the plaintiffs would receive forty-five percent of the value of all...

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