By virtue of and in conformity with the provisions of Chapter 2, Title 30, of the Louisiana Revised Statutes of 1950, as amended, sealed bids will be received at the office of the Board of Commissioners for the Atchafalaya Basin Levee District at Port Allen, Louisiana, up to 2:00 p.m., Wednesday, May 2, 2012, for lease of the oil, gas and/or liquid or gaseous hydrocarbon mineral rights in and to the following lands situated in the Parish of St. Martin Parish, State of Louisiana, to wit, bid related materials may be obtained and electronic bids may be submitted online at www.centralbidding.com. Said bids will be publicly opened at the office of said Board in Port Allen, Louisiana on May 2, 2012, at 4:00 p.m.: That certain tract or parcel of land containing 40.0 acres, more or less, being the Northeast Quarter of the Northwest Quarter Section 21, Township 13 South, Range 12 East, St. Martin Parish, Louisiana All bids to offer cash payment for a lease having a primary term which shall not exceed five (5) years. The MIMIMUM ROYALTIES required by R.S. 30:127, as amended, are one-eighth (1/8) of all oil, produced and saved or utilized one-eighth (1/8) of all gas produced and saved or utilized and one-eighth (1/8) of all other liquid or gaseous minerals in solution and produced with oil or gas and saved or utilized, which are not specifically mentioned herein. Free sulphur, potash, lignite, salt and other solid minerals are to be excluded and any bid thereon will be disregarded to such extent. A bid of a royalty less than the aforesaid statutory minimums will be increased to said statutory minimums by the Board. Should the lessee fail to begin the actual drilling (spudding in) of a well on the leased premises within one year from the date of the lease, the lease shall terminate as to both parties to the lease, unless on or before such anniversary date lessee shall pay a delay rental (which in no event shall be less than one-half of the cash payment offered), which shall cover the privilege of deferring drilling operations for a period of one year. U
