Blackmore v. Davis Oil Co.

ROSE, Justice.

This appeal concerns the propriety of a summary judgment granted defendants-ap-pellees in a suit for specific performance, accounting and damages arising out of a letter agreement concerning a geologist’s prospect.

We will affirm.

INTRODUCTION

A prospect is a promoter’s assessment of a drilling or mining site which is based on information obtained from observations, tests and other sources. The merit of the prospect depends upon the promoter’s skill and the viability of the data he gathers, and it is common practice for a promoter to exchange his work-up for a retained interest in…