EXHIBIT 10.3
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[LOGO] PENN VIRGINIA OIL & GAS CORPORATION
April 6, 2004
GMX Resources Inc.
Xxx Xxxxxx Xxxxx, Xxxxx 000
0000 Xxxxx Xxxxxxx
Xxxxxxxx Xxxx, Xxxxxxxx 00000
Attention: Xx Xxxx Xxxxxxxxx
Re: Third Amendment to Participation Agreement (REVISED)
Dated December 5, 2003
Blocker Prospect
Xxxxxxxx and Panola Counties, Texas
Gentlemen:
Please refer to the Participation Agreement dated December 5, 2003 ("Agreement")
between Penn Virginia Oil & Gas Corporation ("PVOG") and GMX Resources Inc.
Expedition Natural Resources Inc. and Endeavor Pipeline, Inc. (herein
collectively called "GMX"). Both PVOG and GMX agreed to negotiate and insert
Exhibit "F" in the Agreement.
Please acknowledge your receipt of the revised Exhibit "F" by signing in the
acceptance space provided on the next page and return one copy of this letter to
my attention.
Very truly yours,
Penn Virginia Oil & Gas Corporation
/s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx
Senior Xxxxxxx
Agreed to and Accepted this 20th day of April, 2004.
GMX Resources Inc.
Expedition Natural Resources Inc.
and Endeavor Pipeline, Inc.
By: /s/ Xxxx Xxxxxxxxx
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Printed Name: Xxxx Xxxxxxxxx
Title: Vice President - Land
ELJ
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