NOTICES AND PLACE OF PAYMENT. All notices to be given with respect to this Agreement unless otherwise provided for shall be given to Contractor and to the Joint Venture respectively at the addresses hereinabove shown. All sums payable hereunder to Contractor shall be payable at the address hereinabove shown unless otherwise specified herein. BLUE RIDGE ENERGY, INC. By: /s/ ROBEXX X. XXXX ------------------------------- Robexx X. Xxxx, Xxesident PALUXY JOINT VENTURE, LTD. A KENTUCKY LIMITED PARTNERSHIP By: Blue Ridge Energy, Inc. Joint Venture Manager By: /s/ ROBEXX X. XXXX -------------------------------- Robexx X. Xxxx, Xxesident 25 EXHIBIT "1" TO EXHIBIT "D" FEBRUARY 24, 1997 MOLLX XXXE XXXSPECT: The primary investment objective of the Joint Venture is the acquisition of approximately a 50.00% Working Interest, which is approximately a 35.00% Net Revenue Interest in a well site on the Mollx Xxxe Xxxspect and the production and sale of oil and/or gas therefrom. This prospect consists of approximately 80 acres of oil and gas leases in Smitx Xxxnty, Texas and the well to be re-entered and drilled thereon (the "Venture Well"). The Venture Well will be drilled to a depth of 7,700', or a depth sufficient to test the Paluxy Sandstone formation. 26 TURNKEY DRILLING CONTRACT THIS AGREEMENT, is made and entered into as of 24th day of February, 1997 by and between the parties herein designated as "Joint Venture" and "Contractor."
Appears in 1 contract
Samples: Blue Ridge Energy Inc
NOTICES AND PLACE OF PAYMENT. All notices to be given with respect to this Agreement unless otherwise provided for shall be given to Contractor and to the Joint Venture Partnership respectively at the addresses hereinabove shown. All sums payable hereunder to Contractor shall be payable at the address hereinabove shown unless otherwise specified herein. BLUE RIDGE ENERGY, INC. By: /s/ ROBEXX X. XXXX ------------------------------- Robexx X. Xxxx, Xxesident PALUXY JOINT VENTUREHARLXX XXXNTY LIMITED PARTNERSHIP, LTD. A KENTUCKY LIMITED PARTNERSHIP By: Blue Ridge Energy, Inc. Joint Venture Manager Managing General Partner By: /s/ ROBEXX X. XXXX -------------------------------- ------------------------------- Robexx X. Xxxx, Xxesident 25 85 EXHIBIT "1" TO EXHIBIT "D" FEBRUARY 24MARCH 4, 1997 MOLLX XXXE XXXSPECT: 1999 The primary investment objective of the Joint Venture Partnership is the acquisition of approximately a 50.0030.00% Working Interest, which is approximately a 35.0018.75% of the Net Revenue Interest in a five well site sites out of fifteen to be drilled on the Mollx Xxxe Xxxspect Harlxx Xxxnty Prospect and the production and sale of oil and/or oil/gas therefrom. This prospect Willxxx X. Xxxxxx, Xx., xx Independent Petroleum Geologist to the Managing General Partner, will select the five wellx xx be acquired by the Partnership. Mr. Xxxxxx xxxl utilize various criteria including production notes, sand thickness, sand porosity, sand permeability, and geographical location. The Harlxx Xxxnty Prospect consists of approximately 80 6,500 acres of oil and gas leases in Smitx Harlxx Xxxnty, Texas Kentucky and the well to wellx xx be re-entered and drilled thereon (the "Venture WellPartnership Wellx"). The Venture Well will Partnership Wellx xxxl be drilled to a depth depths of 7,700', approximately 6,000' or a depth depths sufficient to test the Paluxy Sandstone Maxon Sand formation. 26 TURNKEY DRILLING CONTRACT THIS AGREEMENT, is made and entered into as of 24th 4th day of FebruaryMarch, 1997 1999 by and between the parties herein designated as "Joint VenturePartnership" and "Contractor." Partnership: Blue Ridge Energy, Inc. Address: 632 Xxxxx Xxxxxx, Suite 710 Bowling Green, Kentucky 42101 Contractor: Blue Ridge Group, Inc. Address: 632 Xxxxx Xxxxxx, Suite 700 Bowling Green, Kentucky 42101 IN CONSIDERATION of the mutual promises, conditions and agreements herein contained, Partnership engages Contractor as an Independent Contractor to furnish the equipment, labor and services to drill, test, and complete its portion of five Partnership Wellx xx be located in Harlxx Xxxnty, Kentucky, (referred to herein as "Partnership Wellx") xn search of oil and/or gas. The Partnership will make the specified payments to Contractor in order (i) to obtain a price from Contractor for the drilling and completion of the Partnership Wellx xx a specified depth, (ii) to assure that Contractor will be available to drill, test and complete the subject Partnership Wellx xxx the Partnership, (iii) to assure that Contractor will make available on a preferential basis sufficient drilling and completion apparatus needed to drill, test and complete the Partnership Wellx xx the earliest possible time, (iv) to obtain a preferential use of Contractor's services, and (v) to assure competent supervisory personnel are available in the drilling and completion of the five Partnership Wellx. Xontractor agrees to furnish all equipment, labor and services necessary for the drilling to the depth indicated herein and the completion of such Partnership Wellx. Xxntractor agrees that the work to be conducted under the terms of this Agreement will be done with diligence and care in a good and workmanlike manner and agrees to provide competent supervision of the work performed hereunder. Unless specifically otherwise provided for herein, all the required equipment, services and labor are furnished for the price set forth herein.
Appears in 1 contract
Samples: Blue Ridge Energy Inc
NOTICES AND PLACE OF PAYMENT. All notices to be given with respect to this Agreement unless otherwise provided for shall be given to Contractor and to the Joint Venture Partnership respectively at the addresses hereinabove shown. All sums payable hereunder to Contractor shall be payable at the address hereinabove shown unless otherwise specified herein. BLUE RIDGE ENERGY, INC. By: /s/ ROBEXX X. XXXX ------------------------------- Robexx X. Xxxx, Xxesident PALUXY JOINT VENTUREBLUE RIDGE GROUP, LTDINC. A KENTUCKY LIMITED PARTNERSHIP By: Blue Ridge Energy, Inc. Joint Venture Manager By: /s/ ROBEXX X. XXXX -------------------------------- ------------------------------- Robexx X. Xxxx, Xxesident 25 EXHIBIT "1" TO EXHIBIT "D" FEBRUARY 24APRIL 13, 1997 MOLLX XXXE XXXSPECT: 1999 The primary investment objective objectives of the Joint Venture is Partnership are: (1) the acquisition of approximately a 50.0030.00% Working Interest, which is approximately a 35.0023.00% of the Net Revenue Interest in a ten well site sites to be drilled on the Mollx Xxxe Xxxspect Cumberland Gap 10 Prospect and the production and sale of oil and/or oil/gas therefrom. This prospect The Cumberland Gap 10 Prospect consists of approximately 80 6,500 acres of oil and gas leases in Smitx Harlxx Xxxnty, Texas Kentucky and the well to wellx xx be re-entered and drilled thereon (the "Venture WellKentucky Partnership Wellx"). The Venture Kentucky Partnership Wellx xxxl be drilled to depths of approximately 6,000' or depths sufficient to test the Corniferous Sand formation and (2) the assignment of income from a 25% Working Interest which is an 18.75% Net Revenue Interest in the Coltxx Xxxxxxxx #00-1 Well ("Texas Well") to be drilled on the 960 acre Rocksprings Prospect in Edwaxxx Xxxnty. The Texas Well will be drilled to a depth of 7,700', 7,000 feet or a depth sufficient to test the Paluxy Sandstone formationHolman Sands. 26 TURNKEY DRILLING CONTRACT THIS AGREEMENTThere will be no cost to the Partnership for the assignment of income from the Coltxx Xxxxxxxx #00-1 well and the assignment of income is limited to when twice the partners' original capital contributions, or $3,600,000, is made and entered into as received by the Partners from the production of 24th day of February, 1997 by and between the parties herein designated as "Joint Venture" and "Contractorall Partnership wellx."
Appears in 1 contract
NOTICES AND PLACE OF PAYMENT. All notices to be given with respect to this Agreement unless otherwise provided for shall be given to Contractor and to the Joint Venture Partnership respectively at the addresses hereinabove shown. All sums payable hereunder to Contractor shall be payable at the address hereinabove shown unless otherwise specified herein. BLUE RIDGE ENERGY, INC. By: /s/ ROBEXX X. XXXX ------------------------------- Robexx X. Xxxx, Xxesident PALUXY JOINT VENTUREBLUE RIDGE GROUP, LTDINC. A KENTUCKY LIMITED PARTNERSHIP By: Blue Ridge Energy, Inc. Joint Venture Manager By: /s/ ROBEXX X. XXXX -------------------------------- ------------------------------- Robexx X. Xxxx, Xxesident 25 103 EXHIBIT "1" TO EXHIBIT "D" FEBRUARY 24APRIL 13, 1997 MOLLX XXXE XXXSPECT: 1999 The primary investment objective objectives of the Joint Venture is Partnership are: (1) the acquisition of approximately a 50.0030.00% Working Interest, which is approximately a 35.0023.00% of the Net Revenue Interest in a ten well site sites to be drilled on the Mollx Xxxe Xxxspect Cumberland Gap 10 Prospect and the production and sale of oil and/or oil/gas therefrom. This prospect The Cumberland Gap 10 Prospect consists of approximately 80 6,500 acres of oil and gas leases in Smitx Harlxx Xxxnty, Texas Kentucky and the well to wellx xx be re-entered and drilled thereon (the "Venture WellKentucky Partnership Wellx"). The Venture Kentucky Partnership Wellx xxxl be drilled to depths of approximately 6,000' or depths sufficient to test the Corniferous Sand formation and (2) the assignment of income from a 25% Working Interest which is an 18.75% Net Revenue Interest in the Coltxx Xxxxxxxx #00-1 Well ("Texas Well") to be drilled on the 960 acre Rocksprings Prospect in Edwaxxx Xxxnty. The Texas Well will be drilled to a depth of 7,700', 7,000 feet or a depth sufficient to test the Paluxy Sandstone formationHolman Sands. 26 TURNKEY DRILLING CONTRACT THIS AGREEMENTThere will be no cost to the Partnership for the assignment of income from the Coltxx Xxxxxxxx #00-1 well and the assignment of income is limited to when twice the partners' original capital contributions, or $3,600,000, is made and entered into as received by the Partners from the production of 24th day of Februaryall Partnership wellx. 000 XXXXXX XXXPANY DRILLING EQUIPMENT BRANCH DRILL RIG - QUOTATION AND BUYER'S ORDER QUOTATION AND/OR CONTRACT NO. -------------------------------------------------- DATE: February 6, 1997 by and between the parties herein designated as "Joint Venture" and "Contractor."1998 ------------------------- NOLAXX XXXRESENTATIVE Charxxx X. Xxxxxx ---------------------------------------------------------- QUOTED TO (BUYER): NAME Blue Ridge Group --------------------------------------------------------------------------- ADDRESS 632 Xxxxx Xxxxxx Xxxxx #700 ------------------------------------------------------------------------ CITY Bowling Green STATE KY ZIP 42101 -------------------- ------- ----------------------------------- PHONE NUMBER 502-000-0000 ------------------------------------------------------------------- SELLER: NOLAXX XXXPANY 2227 XXXXXXXXXX XXXXXX, X.X. XXXXXXX, XX 00000 (703) 000-0000 NO LIABILITY INSURANCE INCLUDED
Appears in 1 contract
Samples: Blue Ridge Energy Inc
NOTICES AND PLACE OF PAYMENT. All notices to be given with respect to this Agreement unless otherwise provided for shall be given to Contractor and to the Joint Venture Partnership respectively at the addresses hereinabove shown. All sums payable hereunder to Contractor shall be payable at the address hereinabove shown unless otherwise specified herein. BLUE RIDGE ENERGY, INC. By: /s/ ROBEXX X. XXXX ------------------------------- ----------------------------------- Robexx X. Xxxx, Xxesident PALUXY JOINT VENTURECUMBERLAND GAP 10 LIMITED PARTNERSHIP, LTD. A KENTUCKY LIMITED PARTNERSHIP By: Blue Ridge Energy, Inc. Joint Venture Manager Managing General Partner By: /s/ ROBEXX X. XXXX -------------------------------- ----------------------------------- Robexx X. Xxxx, Xxesident 25 EXHIBIT "1" TO EXHIBIT "D" FEBRUARY 24APRIL 13, 1997 MOLLX XXXE XXXSPECT: 1999 The primary investment objective objectives of the Joint Venture is Partnership are: (1) the acquisition of approximately a 50.0030.00% Working Interest, which is approximately a 35.0023.00% of the Net Revenue Interest in a ten well site sites to be drilled on the Mollx Xxxe Xxxspect Cumberland Gap 10 Prospect and the production and sale of oil and/or oil/gas therefrom. This prospect The Cumberland Gap 10 Prospect consists of approximately 80 6,500 acres of oil and gas leases in Smitx Harlxx Xxxnty, Texas Kentucky and the well to wellx xx be re-entered and drilled thereon (the "Venture WellKentucky Partnership Wellx"). The Venture Kentucky Partnership Wellx xxxl be drilled to depths of approximately 6,000' or depths sufficient to test the Corniferous Sand formation and (2) the assignment of income from a 25% Working Interest which is an 18.75% Net Revenue Interest in the Coltxx Xxxxxxxx #00-1 Well ("Texas Well") to be drilled on the 960 acre Rocksprings Prospect in Edwaxxx Xxxnty. The Texas Well will be drilled to a depth of 7,700', 7,000 feet or a depth sufficient to test the Paluxy Sandstone formationHolman Sands. 26 TURNKEY DRILLING CONTRACT THIS AGREEMENTThere will be no cost to the Partnership for the assignment of income from the Coltxx Xxxxxxxx #00-1 well and the assignment of income is limited to when twice the partners' original capital contributions, or $3,600,000, is made and entered into as received by the Partners from the production of 24th day of February, 1997 by and between the parties herein designated as "Joint Venture" and "Contractorall Partnership wellx."
Appears in 1 contract
NOTICES AND PLACE OF PAYMENT. All notices to be given with respect to this Agreement unless otherwise provided for shall be given to Contractor and to the Joint Venture Partnership respectively at the addresses hereinabove shown. All sums payable hereunder to Contractor shall be payable at the address hereinabove shown unless otherwise specified herein. BLUE RIDGE ENERGY, INC. By: /s/ ROBEXX X. XXXX ------------------------------- ----------------------------------- Robexx X. Xxxx, Xxesident PALUXY JOINT VENTURECUMBERLAND GAP 10 LIMITED PARTNERSHIP, LTD. A KENTUCKY LIMITED PARTNERSHIP By: Blue Ridge Energy, Inc. Joint Venture Manager Managing General Partner By: /s/ ROBEXX X. XXXX -------------------------------- ----------------------------------- Robexx X. Xxxx, Xxesident 25 97 EXHIBIT "1" TO EXHIBIT "D" FEBRUARY 24APRIL 13, 1997 MOLLX XXXE XXXSPECT: 1999 The primary investment objective objectives of the Joint Venture is Partnership are: (1) the acquisition of approximately a 50.0030.00% Working Interest, which is approximately a 35.0023.00% of the Net Revenue Interest in a ten well site sites to be drilled on the Mollx Xxxe Xxxspect Cumberland Gap 10 Prospect and the production and sale of oil and/or oil/gas therefrom. This prospect The Cumberland Gap 10 Prospect consists of approximately 80 6,500 acres of oil and gas leases in Smitx Harlxx Xxxnty, Texas Kentucky and the well to wellx xx be re-entered and drilled thereon (the "Venture WellKentucky Partnership Wellx"). The Venture Kentucky Partnership Wellx xxxl be drilled to depths of approximately 6,000' or depths sufficient to test the Corniferous Sand formation and (2) the assignment of income from a 25% Working Interest which is an 18.75% Net Revenue Interest in the Coltxx Xxxxxxxx #00-1 Well ("Texas Well") to be drilled on the 960 acre Rocksprings Prospect in Edwaxxx Xxxnty. The Texas Well will be drilled to a depth of 7,700', 7,000 feet or a depth sufficient to test the Paluxy Sandstone formationHolman Sands. 26 There will be no cost to the Partnership for the assignment of income from the Coltxx Xxxxxxxx #00-1 well and the assignment of income is limited to when twice the partners' original capital contributions, or $3,600,000, is received by the Partners from the production of all Partnership wellx. 98 TURNKEY DRILLING CONTRACT THIS AGREEMENT, is made and entered into as of 24th 13th day of FebruaryApril, 1997 1999 by and between the parties herein designated as "Joint VenturePartnership" and "Contractor." Partnership: Blue Ridge Energy, Inc. Address: 632 Xxxxx Xxxxxx, Suite 710 Bowling Green, Kentucky 42101 Contractor: Blue Ridge Group, Inc. Address: 632 Xxxxx Xxxxxx, Suite 700 Bowling Green, Kentucky 42101 IN CONSIDERATION of the mutual promises, conditions and agreements herein contained, Partnership engages Contractor as an Independent Contractor to furnish the equipment, labor and services to drill, test, and complete its portion of ten Partnership Wellx xx be located in Harlxx Xxxnty, Kentucky, (referred to herein as "Partnership Wellx") xn search of oil and/or gas. The Partnership will make the specified payments to Contractor in order (i) to obtain a price from Contractor for the drilling and completion of the Partnership Wellx xx specified depths, (ii) to assure that Contractor will be available to drill, test and complete the subject Partnership Wellx xxx the Partnership, (iii) to assure that Contractor will make available on a preferential basis sufficient drilling and completion apparatus needed to drill, test and complete the Partnership Wellx xx the earliest possible time, (iv) to obtain a preferential use of Contractor's services, and (v) to assure competent supervisory personnel are available in the drilling and completion of the ten Partnership Wellx. Xontractor agrees to furnish all equipment, labor and services necessary for the drilling to the depth indicated herein and the completion of such Partnership Wellx. Xxntractor agrees that the work to be conducted under the terms of this Agreement will be done with diligence and care in a good and workmanlike manner and agrees to provide competent supervision of the work performed hereunder. Unless specifically otherwise provided for herein, all the required equipment, services and labor are furnished for the price set forth herein.
Appears in 1 contract
Samples: Blue Ridge Energy Inc
NOTICES AND PLACE OF PAYMENT. All notices to be given with respect to this Agreement unless otherwise provided for shall be given to Contractor and to the Joint Venture Partnership respectively at the addresses hereinabove shown. All sums payable hereunder to Contractor shall be payable at the address hereinabove shown unless otherwise specified herein. BLUE RIDGE ENERGY, INC. By: /s/ ROBEXX X. XXXX ------------------------------- Robexx X. Xxxx, Xxesident PALUXY JOINT VENTUREBLUE RIDGE GROUP, LTDINC. A KENTUCKY LIMITED PARTNERSHIP By: Blue Ridge Energy, Inc. Joint Venture Manager By: /s/ ROBEXX X. XXXX -------------------------------- ------------------------------- Robexx X. Xxxx, Xxesident 25 91 EXHIBIT "1" TO EXHIBIT "D" FEBRUARY 24MARCH 4, 1997 MOLLX XXXE XXXSPECT: 1999 The primary investment objective of the Joint Venture Partnership is the acquisition of approximately a 50.0030.00% Working Interest, which is approximately a 35.0018.75% of the Net Revenue Interest in a five well site sites out of fifteen to be drilled on the Mollx Xxxe Xxxspect Harlxx Xxxnty Prospect and the production and sale of oil and/or oil/gas therefrom. This prospect Willxxx X. Xxxxxx, Xx., xx Independent Petroleum Geologist to the Managing General Partner, will select the five wellx xx be acquired by the Partnership. Mr. Xxxxxx xxxl utilize various criteria including production notes, sand thickness, sand porosity, sand permeability, and geographical location. The Harlxx Xxxnty Prospect consists of approximately 80 6,500 acres of oil and gas leases in Smitx Harlxx Xxxnty, Texas Kentucky and the well to wellx xx be re-entered and drilled thereon (the "Venture WellPartnership Wellx"). The Venture Well will Partnership Wellx xxxl be drilled to a depth depths of 7,700', approximately 6,000' or a depth depths sufficient to test the Paluxy Sandstone Maxon Sand formation. 26 TURNKEY DRILLING CONTRACT THIS AGREEMENT, is made and entered into as of 24th 13th day of FebruaryApril, 1997 1999 by and between the parties herein designated as "Joint VenturePartnership" and "Contractor." Partnership: Cumberland Gap 10 Limited Partnership, Ltd. Address: 632 Xxxxx Xxxxxx, Suite 710 Bowling Green, Kentucky 42101 Contractor: Blue Ridge Energy, Inc. Address: 632 Xxxxx Xxxxxx, Suite 710 Bowling Green, Kentucky 42101 IN CONSIDERATION of the mutual promises, conditions and agreements herein contained, Partnership engages Contractor as an Independent Contractor to furnish the equipment, labor and services to drill, test, and complete its portion of ten Partnership Wellx xx be located in Harlxx Xxxnty, Kentucky, (referred to herein as "Partnership Wellx") xn search of oil and/or gas. The Partnership will make the specified payments to Contractor in order (i) to obtain a price from Contractor for the drilling and completion of the Partnership Wellx xx a specified depth, (ii) to assure that Contractor will be available to drill, test and complete the subject Partnership Wellx xxx the Partnership, (iii) to assure that Contractor will make available on a preferential basis sufficient drilling and completion apparatus needed to drill, test and complete the Partnership Wellx xx the earliest possible time, (iv) to obtain a preferential use of Contractor's services, and (v) to assure competent supervisory personnel are available in the drilling and completion of the ten Partnership Wellx. Xontractor agrees to furnish all equipment, labor and services necessary for the drilling to the depth indicated herein and the completion of such Partnership Wellx. Xxntractor agrees that the work to be conducted under the terms of this Agreement will be done with diligence and care in a good and workmanlike manner and agrees to provide competent supervision of the work performed hereunder. Unless specifically otherwise provided for herein, all the required equipment, services and labor are furnished for the price set forth herein.
Appears in 1 contract
Samples: Blue Ridge Energy Inc
NOTICES AND PLACE OF PAYMENT. All notices to be given with respect to this Agreement unless otherwise provided for shall be given to Contractor and to the Joint Venture Partnership respectively at the addresses hereinabove shown. All sums payable hereunder to Contractor shall be payable at the address hereinabove shown unless otherwise specified herein. BLUE RIDGE ENERGY, INC. By: /s/ ROBEXX X. XXXX ------------------------------- Robexx X. Xxxx, Xxesident PALUXY JOINT VENTUREHARLXX XXXNTY LIMITED PARTNERSHIP, LTD. A KENTUCKY LIMITED PARTNERSHIP By: Blue Ridge Energy, Inc. Joint Venture Manager Managing General Partner By: /s/ ROBEXX X. XXXX -------------------------------- ------------------------------- Robexx X. Xxxx, Xxesident 25 EXHIBIT "1" TO EXHIBIT "D" FEBRUARY 24MARCH 4, 1997 MOLLX XXXE XXXSPECT: 1999 The primary investment objective of the Joint Venture Partnership is the acquisition of approximately a 50.0030.00% Working Interest, which is approximately a 35.0018.75% of the Net Revenue Interest in a five well site sites out of fifteen to be drilled on the Mollx Xxxe Xxxspect Harlxx Xxxnty Prospect and the production and sale of oil and/or oil/gas therefrom. This prospect Willxxx X. Xxxxxx, Xx., xx Independent Petroleum Geologist to the Managing General Partner, will select the five wellx xx be acquired by the Partnership. Mr. Xxxxxx xxxl utilize various criteria including production notes, sand thickness, sand porosity, sand permeability, and geographical location. The Harlxx Xxxnty Prospect consists of approximately 80 6,500 acres of oil and gas leases in Smitx Harlxx Xxxnty, Texas Kentucky and the well to wellx xx be re-entered and drilled thereon (the "Venture WellPartnership Wellx"). The Venture Well will Partnership Wellx xxxl be drilled to a depth depths of 7,700', approximately 6,000' or a depth depths sufficient to test the Paluxy Sandstone Maxon Sand formation. 26 TURNKEY DRILLING CONTRACT THIS AGREEMENT, is made and entered into as of 24th day of February, 1997 by and between the parties herein designated as "Joint Venture" and "Contractor."
Appears in 1 contract
NOTICES AND PLACE OF PAYMENT. All notices to be given with respect to this Agreement unless otherwise provided for shall be given to Contractor and to the Joint Venture Partnership respectively at the addresses hereinabove shown. All sums payable hereunder to Contractor shall be payable at the address hereinabove shown unless otherwise specified herein. BLUE RIDGE ENERGY, INC. By: /s/ ROBEXX X. XXXX ------------------------------- Robexx X. Xxxx, Xxesident PALUXY JOINT VENTUREBLUE RIDGE GROUP, LTDINC. A KENTUCKY LIMITED PARTNERSHIP By: Blue Ridge Energy, Inc. Joint Venture Manager By: /s/ ROBEXX X. XXXX -------------------------------- ------------------------------- Robexx X. Xxxx, Xxesident 25 EXHIBIT "1" TO EXHIBIT "D" FEBRUARY 24MARCH 4, 1997 MOLLX XXXE XXXSPECT: 1999 The primary investment objective of the Joint Venture Partnership is the acquisition of approximately a 50.0030.00% Working Interest, which is approximately a 35.0018.75% of the Net Revenue Interest in a five well site sites out of fifteen to be drilled on the Mollx Xxxe Xxxspect Harlxx Xxxnty Prospect and the production and sale of oil and/or oil/gas therefrom. This prospect Willxxx X. Xxxxxx, Xx., xx Independent Petroleum Geologist to the Managing General Partner, will select the five wellx xx be acquired by the Partnership. Mr. Xxxxxx xxxl utilize various criteria including production notes, sand thickness, sand porosity, sand permeability, and geographical location. The Harlxx Xxxnty Prospect consists of approximately 80 6,500 acres of oil and gas leases in Smitx Harlxx Xxxnty, Texas Kentucky and the well to wellx xx be re-entered and drilled thereon (the "Venture WellPartnership Wellx"). The Venture Well will Partnership Wellx xxxl be drilled to a depth depths of 7,700', approximately 6,000' or a depth depths sufficient to test the Paluxy Sandstone Maxon Sand formation. 26 TURNKEY DRILLING CONTRACT THIS AGREEMENT, is made and entered into as of 24th day of February, 1997 by and between the parties herein designated as "Joint Venture" and "Contractor."
Appears in 1 contract
