PRODUCTION, INC.
000 XXXXXX XXXXXX
X.X. XXX 00
XXXXXX, XX 00000
PARTICIPATION AGREEMENT
Re: D-Mil Production, Inc.- Xxxxx-Xxxxxxx #1 and Xxxxxxxxx Unit #1
Gentlemen:
This letter sets out our agreement relative to the above referenced oil and gas
property more specifically described as:
XXXXX-XXXXXXX #1 - 43.7342 Acre Unit in the Xxxx Xxxxxx Survey,
Abstract 00, Xxxxxxx Xxxxxx, Xxxxx, XXX #00000.
XXXXXXXXX UNIT #1 - 40.32 Acre Unit in the Xxxx Xxxxxx Survey, Abstract
00, Xxxxxxx Xxxxxx, Xxxxx, XXX #00000.
1. D-Mil Production, Inc. agrees to sell and you agree to purchase 49.50%
working interest in the above described property. The net revenue interest
relative to the working interest is 38.61%.
2. D-Mil Production, Inc. shall execute, record and deliver an assignment of
your interest in the well and property. Said assignment shall convey your
interest as a working interest.
3. All operations of said lease shall be conducted under an AAPL Form 610-1982
Operating Agreement, a copy of which will be provided.
4. Nothing in this letter or in said operating agreement creates any mining or
other partnership or joint venture.- The liability of the parties is several and
not joint or collective.
5. The undersigned represents that they have such knowledge and experience in
financial and business matters so as to be capable of evaluating the merits and
risks of this investment and that they have the financial resources sufficient
to bear the same.
6. These oil and gas interests are offered in reliance upon the exemptions
provided for under Section 4 [2] of the Securities Act of 1933, As Amended, and
Regulations D promulgated thereunder the similar exemptions by State Law.
7. The undersigned hereby constitutes and appoints D-Mil Production, Inc. as
their true and lawful attorney-in-fact for them and their name, place and xxxxx
and for its use and benefit to execute, acknowledge, swear, certify, verify,
deliver, record, file and publish as necessary or advisable all gas purchase
contracts, farmout agreements, unitization agreements and all other instruments
such attorney-in-fact shall consider necessary, advisable or convenient in
connection with or for the purposes of conducting operations on the land and
leases covered hereby.
If the above sets out your understanding of our agreement, please execute in the
space provided below and return this Participation Agreement, and your check
payable to D-Mil Production, Inc. in the amount of $29,700.00 for your interest
share of the Program described herein.
Very truly yours,
/s/W. XXXX XXXXXX
--------------------------
W. Xxxx Xxxxxx - President
D-Mil Production, Inc.
000 Xxxxxx Xxxxxx, X.X. Xxx 00
Xxxxxx, XX 00000
ACCEPTED AND AGREED TO this the 7th day of December, 200.
/s/
Xxxxxx X. Xxxxxxxxx Xx., Treasurer/Director
Please type or print the following information as you wish it to appear on all
documents and correspondence mailed to you.
OWNER NAME NOVA OIL, INC.
ADDRESS 0000 X. Xxxxxx Xxxx
XXXX Xxxxxxx
XXXXX Xxxxxxxxxx XXX 00000-0000
TELEPHONE (000) 000-0000
SOCIAL SECURITY
OR TAX I . D . # 00-0000000
