CKX Lands, Inc. Announces Resignation of Mr. Lee B. Appleberry as Director
January 13, 2017 at 09:32 pm
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CKX Lands, Inc. announced that on January 10, 2017, Mr. Lee B. Appleberry provided notice to the company of his resignation effective immediately to pursue other interests. Mr. Appleberry has served as a director of the company since 2016 and served on the audit committee.
CKX Lands, Inc. is engaged in the business of ownership and management of land. Its activities consist of leasing its properties for minerals (oil and gas), raising and harvesting timber and surface use (agriculture, right of ways, hunting). Its segments include oil and gas, surface and timber. It leases its property to oil and gas operators and collects income through its land ownership in the form of oil and gas royalties and lease rentals and geophysical revenues. It receives income from royalty interests and mineral leases related to oil and gas production, timber sales, land sales and surface rents. Oil and Gas segment provides the customer access to a designated tract of land upon which the customer performs exploration, extraction, production and ultimate sale of the oil and gas. It receives royalties on all oil and gas produced by the customer. Timber income is derived from sales of timber on its lands. Surface income is earned from various recurring and non-recurring sources.
CKX LANDS, INC. 
