In re Reef Petroleum Corp.

OPINION

DAVID E. NIMS, Jr., Bankruptcy Judge.

This matter comes before the court on the objection of debtor, Reef Petroleum Company (Reef), to Claim Number 128 filed by Maudie and James Rowland. The agreed-upon facts are set forth in Reefs brief and are incorporated herein:

“Claimants, James and Maudie Rowland have filed Claim No. 128, contending that they are entitled to payment of $23,-400 pursuant to an Oil and Gas Lease dated May 27, 1982. That lease, * * * provides in pertinent part as follows:

‘2. It is agreed that this Lease shall remain in full force for a primary term of five years (5)…