PEACOCK OIL & GAS PROPERTIES, LTD.
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Exhibit 99.2 |
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PEACOCK OIL & GAS PROPERTIES, LTD. |
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0000 X.X. Xxxx 000, Xxxxx 000 |
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Xxx Xxxxxxx, Xxxxx 00000 |
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(000) 000-0000 |
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Fax (000) 000-0000 |
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October 11, 2005 |
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FIRST AMENDMENT TO PARTICIPATION AGREEMENT |
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Xx. Xxxxx X. Xxxxxx, President |
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The Exploration Company |
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000 Xxxxx Xxxx 0000 Xxxx |
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Xxx Xxxxxxx, Xxxxx 00000 |
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RE: 134,068.40 Gross Acres, More or Less |
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128,704.14 Net Acres, More or Less |
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Marfa Basin, Xxxxxxx Shale Prospect |
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Presidio and Xxxxxxxx Counties, Texas |
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Gentlemen: |
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This letter, when fully executed, shall constitute an Amendment to the Participation Agreement dated October 3, 2005 between Xxxxx Xxxxx and Xxxxxxx Oil & Gas Properties, Ltd., a Texas Limited Partnership, acting by and through its General Partner, Peacock Exploration, LLC., hereinafter collectively referred to as "Peacock" and The Exploration Company, its successors and assigns, hereinafter referred to as "TXCO" regarding the acquisition of a Leasehold Working Interest in the 134,068.40 gross acres of Oil & Gas Leases, "Prospect Acreage", which make up our Marfa Basin Xxxxxxx/Xxxxxxxx Shale Gas prospect. |
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Article VII of said Participation Agreement is hereby amended to provide for a closing date of Friday, October 21, 2005. |
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This Agreement may be executed in multiple counterparts, with signatures delivered via facsimile, each of which shall be considered an original for all purposes. The provisions hereof are binding upon the parties hereto and shall extend to their respective heirs, legal representatives, successors and assigns. |
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If the foregoing Amendment is acceptable to you, please evidence your Agreement by executing and returning one (1) original of this letter to the undersigned by 5:00 P.M., October 14, 2005. |
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Very truly yours, |
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PEACOCK OIL & GAS PROPERTIES, LTD., |
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Acting By and Through Its General Partner, |
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PEACOCK EXPLORATION, LLC. |
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By: /s/ Xxx X. Xxxxxxx |
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XXX X. XXXXXXX, President |
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AGREED TO AND ACCEPTED THIS |
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_____ DAY OF OCTOBER, 2005. |
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/s/ Xxxxx Smith___ |
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XXXXX XXXXX |
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AGREED TO AND ACCEPTED THIS |
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13th DAY OF OCTOBER, 2005. |
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THE EXPLORATION COMPANY |
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By: /s/ Xxxxx X. Xxxxxx |
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Xxxxx X. Xxxxxx, President |
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2 |
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