EXHIBIT 10.15
PURCHASE AND SALE AGREEMENT
THIS PURCHASE AND SALE AGREEMENT (hereinafter this "Agreement") is made
and entered into as of November 3, 2000, by and between ANTELOPE ENERGY
COMPANY, LLC, COYOTE EXPLORATION COMPANY and MELANGE ASSOCIATES, INC. (herein
collectively referred to as "ANTELOPE"), with a mailing address of 000 00xx
Xx., Xxxxx 000, Xxxxxx, Xxxxxxxx 00000, and INFINITY OIL & GAS OF WYOMING,
INC. (herein "IOGW"), with a mailing address of 000 X. 00xx Xx., Xxxxxxx,
Xxxxxx 00000.
WHEREAS, ANTELOPE has agreed to sell to IOGW, and IOGW has agreed to
purchase from ANTELOPE and to pay for the same, on the terms and conditions
set forth in this Agreement, One Hundred percent (100.00%) of ANTELOPE's
right, title and interest in and to certain oil and gas leases and lands,
located in Moffat and Rio Xxxxxx Counties, CO and more fully described in
EXHIBIT "A" attached hereto and made a part hereof, together with associated
well records, geological and geophysical files to the extent allowed by its
license agreement, logs, drilling reports, production reports, environmental
records, sale, processing and transportation agreements, lease, land and title
records, purchasing records and contract files (cumulatively referred to
herein as the "Assets"). For purposes of this Agreement.
NOW, THEREFORE, for good and valuable consideration and for the mutual
covenants herein contained, ANTELOPE and IOGW agree as follows:
1. SALE OF ASSETS: ANTELOPE shall sell, assign, transfer and convey to
IOGW at "Closing" (as defined hereinbelow), and IOGW shall purchase, pay for
and receive one hundred percent (100.00%) of ANTELOPE's right, title and
interest in and to the Assets, subject to the terms and conditions set forth
herein.
2. CLOSING: Closing, as used herein, shall mean the date on which the
"Purchase Bonus" (as defined below) is paid to ANTELOPE and the conveyancing
documents are delivered to IOGW. Closing shall occur by mail or at such other
time and place as may be agreed upon in writing by ANTELOPE and IOGW.
3. EFFECTIVE DATE: The Effective Date of the sale shall be as of 7:00
o'clock A.M., MST, on November 17, 2000.
4. TRANSFER DATE: The Transfer Date shall be at 7:00 o'clock A.M., MST,
on November 17, 2000, whereby ANTELOPE, as operator of the Assets, shall
transfer physical operation and possession of the Assets to IOGW.
5. CONSIDERATION: IOGW shall pay to ANTELOPE cash and other
considerations for the interest in the Assets to be conveyed hereunder as
follows:
5.1 The cash payment shall equal the sum of Three Hundred Thousand
Six Hundred Sixty Three Dollars ($300,663.00) paid to ANTELOPE Energy Company
by IOGW check or wire transfer, minus any deduction(s) for title defects or
title failure (as provided for in Article 9 below) set forth below. Antelope
Energy Company shall then disburse said cash payment in equal amounts to
Antelope Energy Company, Coyote Exploration Company and Melange Associates,
Inc.
5.1.a. On or before November 17, 2000, IOGW shall pay or
tender to ANTELOPE a certified check or wire transfer in the amount of Three
Hundred Thousand Six Hundred Sixty Three Dollars ($300,663.00) less any
deduction(s) for title defects or title failure (as provided for in Article 9
below), hereafter referred to as "Purchase Bonus". IOGW expressly recognizes
that the Purchase Bonus is an obligation and not an option. Further, on
January 2, 2001 IOGW shall tender to Antelope Energy Company, Coyote
Exploration Company and Melange Associates, Inc. 13,600 shares each of Common
Stock of Infinity, Inc. This stock may be initially restricted (within the
meaning of federal securities law). Infinity, Inc. shall use commercially
reasonable efforts to cause the registration of that stock with any
registration undertaken by Infinity, Inc. after the date of this agreement.
Infinity, Inc. shall include a total of 40,800 shares of common stock with its
S-3 filing which is due on or before December 1, 2000.
5.2 As an additional consideration hereunder, on or before November
20, 2005, IOGW shall have drilled and completed a minimum 5 well pilot project
on the subject leases and lands and completed said xxxxx to a depth sufficient
to test the coalbed methane potential in the lower Xxxxxxxx Fork coals.
Failure of IOGW to timely complete the pilot project shall result in IOGW's
obligation to reassign the subject leases to ANTELOPE free and clear of any
burdens or encumbrances created by IOGW or its assigns subsequent to the date
of this agreement. IOGW shall provide ANTELOPE with all geologic and well
information (See Exhibit "B" ) it acquires as a result of its operations.
5.3 OVERRIDING ROYALTY RESERVATION(S): Any and all assignments of
the Leases and Lands shall except and reserve unto ANTELOPE an overriding
royalty interest equal to the difference between the aggregate percentage of
existing burdens on the leases and eighteen and one half percent (18.50%).
5.3.a The overriding royalty reserved herein or to be assigned
as provided for in Paragraph 11. shall be computed and paid in precisely the
same manner as is the royalty under each Lease. In the event the oil and gas
leases subject hereto cover less than the full interest in the oil and gas in
said land, then the overriding royalties hereby conveyed shall be paid in the
proportion that the interest in said leases bears to the full and undivided
interest in said oil and gas.
5.3.b. The overriding royalties reserved hereunder or to be
assigned as provided for in Paragraph 11. shall apply to any extension or
renewal of the Leases, insofar as such extension and renewal leases include
lands covered by the Leases. For the purposes of this provision a renewal of
an oil and gas lease is the taking by any party to this Agreement of any oil
and/or gas lease taken within one year of the expiration, termination, or
release of the preceding lease and a top lease shall be deemed a renewal or
extension. In the event of federal or state oil and gas leases a renewal of a
federal or state oil and gas lease is the taking by any party to this
Agreement of any oil and gas lease offered at the next federal or state lease
sale at which all or a part of the acreage covered by the preceding federal or
state lease subject to this Agreement is offered for lease, as long as any
party hereto has made a request to the BLM or State, within six (6) months
from the expiration or termination of the preceding federal or state lease, to
post such acreage for lease. Assignments of overriding royalties on renewals
and extensions are to be provided by IOGW in recordable form to Antelope, or
its designees, within 30 days of the IOGW's acquisition of the extension or
renewal lease.
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6. RENTALS AND SHUT-IN ROYALTIES. IOGW shall be responsible for paying
all rentals and shut-in royalties in a timely fashion. Should IOGW elect not
to pay a rental on any or all of the subject leases IOGW shall notify ANTELOPE
60 days prior the anniversary date of such lease(s) of such election and
Antelope shall then have the option to take reassignment of such lease(s).
IOGW shall promptly reassign said lease(s) to ANTELOPE upon ANTELOPE's
notification to IOGW of its election to take reassignment.
7. INDEMNITIES AND WARRANTIES. ANTELOPE and IOGW hereby represents,
indemnifies and warrants unto each other as follows:
7.1 ANTELOPE HEREBY EXPRESSLY DISCLAIMS AND NEGATES ANY
REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED AT COMMON LAW, BY STATUTE, OR
OTHERWISE.
7.2 ANTELOPE hereby expressly represents, to IOGW that the leases,
easements and rights-of-way, if any, as shown on Exhibit "A" attached hereto
and made a part hereof, are valid and subsisting, and in good standing; that
ANTELOPE is the owner and current lessor of the leases herein assigned with
full right to convey the interests set forth herein in said leases; and that
the interests hereby assigned are free and clear of any liens or encumbrances
caused or potentially caused to be placed thereon by, through or under
ANTELOPE. Further ANTELOPE has not enetered into nor are any of the assets
subject to or committed to any processing and or transportation agreements.
7.3 ANTELOPE hereby expressly covenants and warrants to defend,
indemnify and hold harmless IOGW and any subsidiary and affiliate companies,
together with their respective officers, directors, employees and agents from
and against any and all claims, causes of action, penalties, liabilities,
damages, losses, costs and expenses (including, without limitation, court
costs and reasonable attorney's fees) in connection with any personal
injuries, including death, or property damage or loss of whatsoever kind or
nature, that relate to or are attributable to the ownership or operation of
the Assets prior to closing hereunder, including, without limitation by way of
enumeration, any condition which may be considered to be a nuisance or which
may in any way affect or threaten to affect natural resources, the
environment, or the health and safety of any person or animal.
7.4 IOGW hereby agrees to defend, indemnify and hold harmless
ANTELOPE and any subsidiary and affiliate companies and their officers,
directors, employees and agents, from and against any and all claims, causes
of action, penalties, liabilities, damages, losses, cost and expenses
(including, without limitation, court costs and reasonable attorney's fees) in
connection with any personal injuries, including death, or property damages or
loss of whatsoever kind or nature, that relate to or are attributable to the
ownership or operation of the Assets after the Closing Date, including,
without limitation by way of enumeration, any condition which may be
considered to be a nuisance or which may in any way affect or threaten to
affect natural resources, the environment, or the health and safety of any
person or animal.
8. WAIVERS AND CONSENTS: This Agreement, and the subsequent closing
thereunder, is subject to any waivers and consents which may be required under
any existing contracts including, but not limited to, waivers of preferential
rights to purchase and consents to assign.
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9. DUE DILIGENCE: During the period commencing on the date of this
agreement and ending with Closing (the "Review Period"), at IOGW's expense and
with the cooperation and assistance of ANTELOPE, IOGW and its employees,
agents and contractors shall have the right to do the following during normal
business hours:
9.1 Inspect and review all of ANTELOPE's non-privileged and
non-confidential files, records, documents, and data relating to the property,
including but not limited to lease, land and title records, contracts,
purchasing records, sale, processing, and transportation agreements,
permitting files, environmental records, drilling reports, and production and
well records, which shall be herewith immediately furnished to IOGW at its
offices. Upon closing, said files and records shall become the property of
IOGW. Nothing herein, however, shall be construed as a requirement to violate
any license or other agreement regarding any seismic data across the Leases
or Lands which ANTELOPE may currently own. IOGW agrees to comply with all of
the terms and conditions of any such agreement, and shall view such data only
upon the conditions set forth in the specific license or other agreement.
9.2 At any time during the Review Period, IOGW may give ANTELOPE
written notice of the land and property interests included in the Assets which
have title defects. If the defect cannot be or is not cured by ANTELOPE before
Closing and the aggregate number of acres of leasehold for which title fails
equals or exceeds five percent (5%) of the total number of acres of leasehold
contained within the Leases and Lands, IOGW shall have the right to deduct the
sum of thirty eight dollars and seventy two cents ($38.72) per net mineral
acre of leasehold multiplied by the number of net mineral acres for which
title failed or was found to be defective relative to the Leases and Lands.
Nonetheless, should IOGW proceed with Closing after having identified title
defect(s) or title failure(s), ANTELOPE shall, in good faith, use reasonable
efforts after Closing to assist IOGW in curing the defect(s).
9.3 Except as required by law, all information acquired by IOGW in
any such inspection, inventory, test, investigation, study or examination of
the property, and the results of any analysis thereof, except information
otherwise in the public domain, or as may be required by law to be disclosed
to any regulatory agencies, shall be strictly confidential in nature.
9.4 The provisions of the Article 9 shall not supersede or take the
place of the representations, covenants and warranties as set forth in
Section 7.2 through Section 7.4 hereinabove.
10. NOTICE: All notice and communications required or permitted under
this agreement shall be in writing, delivered to or sent by U.S. Mail or
Express Delivery, postage prepaid addressed as follows:
Antelope Energy Company Melange Associates, Inc.
X.X. Xxx 000 000 00xx Xx., Xxxxx 000.
Kimball, NE 69145 Xxxxxx, XX 00000
Attn: Xxxx Xxxxxxx Attn: Xxxx Xxxxxxx
Coyote Exploration Company Infinity, Inc.
000 00xx Xx., Xxxxx 000 000 X. 00xx Xx.
Xxxxxx, Xxxxxxxx 00000 Chanute, Kansas 66720
Attn: X.X. Xxxxxxxxxx Attn: Xxxxxxx X. Xxxx
4
Infinity Oil & Gas of Wyoming, Inc.
0000 Xxxxx Xxxxxx, Xxxxx 000
Xxxxxx, XX. 00000
Attn: Xxxx X. Xxxx
11. AREA OF MUTUAL INTEREST: An Area of Mutual Interest ("AMI")
consisting of the following described lands shall be effective for a period of
five (5) years.
Area of Mutual Interest Lands
All of Townships 3 & 4 North, Range 93 & 94 West
The West Half of Township 3 North, Range 92 West
Moffat and Rio Xxxxxx Counties, Colorado
As to any leasehold acquired by IOGW in the above Area of Mutual Interest
Lands, Antelope shall be entitled to an assignment of overriding royalty of
three percent (3.0%); in no event, however, shall said overriding royalty
interest result in a deliverable net revenue interest to IOGW of less than
eighty one percent (81.00%) on any one lease. Said overriding royalty shall
be proportionately reduced to the interest acquired and shall be assigned
equally to ANTELOPE, COYOTE and MELANGE or their designees.
12. SEVERABILITY: In the event any covenants, condition, or provision
contained herein is held to be invalid by a court of competent jurisdiction,
the invalidity of such covenants, condition or provision shall in no way
affect any other content, condition, or provision contained herein; provided,
however, that any such invalidity does not materially prejudice either
ANTELOPE or IOGW in its respective rights and obligations contained in the
valid covenants, conditions and provisions of this Agreement.
13. CONSTRUCTION OF AMBIGUITY: In the event of any ambiguity in any of
the terms or conditions of this Agreement, including any exhibits, whether or
not placed of record, such ambiguity shall not be constructed for or against
either party hereto on the basis that such party did or did not author the
same.
14. AUTHORITY TO EXECUTE: Each individual executing this Agreement on
behalf of his or her respective entity represents and warrants that such party
is authorized to execute and deliver this Agreement on behalf of said entity,
and that this Agreement is binding upon said entity in accordance with the
terms and conditions herein set forth.
15. TIME OF PERFORMANCE: Time is of the essence of this Agreement and
each and every provision hereof in which time or performance is a factor.
16. GOVERNING LAW: This Agreement shall be governed by the laws of the
State of Colorado without regard to rules regarding conflicts of laws; and the
parties agree that proper venue for any disputes arising hereunder shall be in
Federal or State courts located in the State of Colorado.
17. WAIVER: The waiver or failure of either party to enforce any
provision of this Agreement shall not be constructed or operated as a waiver
of any further breach of such provision or of any other provisions of this
Agreement.
5
18. SURVIVAL OF AGREEMENTS: Except as otherwise specifically provided in
this Agreement, all covenants, agreements, guaranties and warranties shall
survive the execution of this Agreement, Closing, and the delivery and the
recordation of any assignments or bills of sale which conveys the Assets from
ANTELOPE to IOGW.
19. SUCCESSORS AND ASSIGNS: This Agreement, and the provisions herein
which shall survive Closing, shall bind and inure to the benefit and burden of
the successors and assigns of the parties hereto.
20. FORCE MAJEURE: If any party is rendered unable, wholly or in part,
by force majeure to carry out its obligations under this agreement, other than
the obligation to make money payments or issue stock, that party shall give to
all other parties prompt written notice of the force majeure with reasonably
full particulars concerning it; thereupon, the obligations of the party giving
notice so far as they are affected by the force majeure, shall be suspended
during, but no longer than, the continuance of the force majeure. The
affected party shall use all reasonable diligence to remove the force majeure
situation as quickly as practicable. The requirement that any force majeure
shall be remedied with all reasonable dispatch shall not require the
settlement of strikes, lockouts, or other labor difficulty by the party
involved, contrary to its wishes; how all such difficulties shall be handled
shall be entirely within the discretion of the party concerned. The term "
force majeure" as here employed shall mean an act of God, strike, lockout, or
other industrial disturbance, act of the public enemy, war, blockade, public
riot, lightning, fire, storm, flood, explosion, governmental delay, restraint
or inaction, unavailability of equipment, and any other cause, whether of the
kind specifically enumerated above or otherwise, which is not reasonably
within the control of the party claiming suspension.
21. EXECUTION: This agreement may be executed in counterparts and shall
become operative when each party has executed and delivered at least one
counterpart. This agreement may be delivered by facsimile or similar
transmission and a facsimile evidencing execution shall be effective as a
valid and binding agreement between the parties for all purposes.
IN WITNESS WHEREOF, the undersigned parties to this Agreement have
executed it as of the day and year first above mentioned.
ANTELOPE ENERGY COMPANY, LLC
By /s/ Xxxx Xxxxxxx
Xxxx Xxxxxxx
Manager/Member
COYOTE EXPLORATION COMPANY
By /s/ W.G. Boonberg,
X.X. Xxxxxxxxxx, President
6
MELANGE ASSOCIATES, INC.
By /s/ Xxxx X. Xxxxxxx
Xxxx X. Xxxxxxx, President
INFINITY OIL & GAS OF WYOMING, INC.
By /s/ Xxxxxxx X. Xxxx
Xxxxxxx X. Xxxx, President
STATE OF NEBRASKA )
) ss.
COUNTY OF )
The foregoing instrument was acknowledged before me by Xxxx Xxxxxxx this
____ day of _________, 2000, who personally appeared before me and is
personally known to me to be the person whose name is subscribed to this
instrument as Manager/Member for Antelope Energy Company and that he
acknowledged to me that such instrument was executed and acknowledged as the
free and voluntary act of said corporation and that he acknowledged to me
that he subscribed the name of said corporation thereto as principal, and his
own name as Manager/Member.
Witness my hand and official seal.
My commission expires: ___________
___________________________________
Notary Public
Residing at: ______________________
S E A L
7
STATE OF COLORADO )
) ss.
COUNTY OF DENVER )
BEFORE ME, the undersigned, a Notary Public, on this day personally
appeared X.X. Xxxxxxxxxx, known to me to be the person and officer whose name
is subscribed to the foregoing instrument and acknowledged to me that the same
was the act of the said COYOTE EXPLORATION COMPANY, a Colorado Corporation,
and that he executed the same as the act of such corporation for the purposes
and consideration therein expressed, and the capacity therein stated.
Witness my hand and official seal.
My commission expires: ________________
____________________________________
Notary Public
Residing at:________________________
S E A L
STATE OF COLORADO )
) ss.
COUNTY OF DENVER )
BEFORE ME, the undersigned, a Notary Public, on this day personally
appeared Xxxx X. Xxxxxxx, known to me to be the person and officer whose name
is subscribed to the foregoing instrument and acknowledged to me that the same
was the act of the said Melange Associates, Inc, a Colorado Corporation, and
that he executed the same as the act of such corporation for the purposes and
consideration therein expressed, and the capacity therein stated.
Witness my hand and official seal.
My commission expires: 12/02/01
/s/ Xxxxxx X. Xxxxx
Notary Public
Residing at: Xxxxxxxxx, XX 00000
S E A L
8
STATE OF KANSAS )
) ss.
COUNTY OF NEOSHO )
BEFORE ME, the undersigned, a Notary Public, on this day personally
appeared Xxxxxxx X. Xxxx, known to me to be the person and officer whose name
is subscribed to the foregoing instrument and acknowledged to me that the same
was the act of the said INFINITY OIL & GAS OF WYOMING, INC., a Wyoming
Corporation, and that he executed the same as the act of such corporation for
the purposes and consideration therein expressed, and the capacity therein
stated.
Witness my hand and official seal.
My commission expires: 8-17-03
/s/ Xxxxxxx Xxxx
Notary Public
Residing at: Chanute
S E A L
9
EXHIBIT 'A' - SCHEDULE OF LEASES
MOFFAT & RIO XXXXXX COUNTIES, COLORADO
PAGE 1 OF 2
LEASE NUMBER LESSOR LESSEE
LEASE DATE EXPIRATION DATE
---------------------------------------------------------------------------------------------------------------
CO0976 00-02 BUREAU OF LAND MANAGEMENT COC-63680 X. X. XXXXXXXXXX
09/01/2000 09/01/2010
COUNTY: MOFFAT CO BOOK: PAGE:
GROSS ACRES: 1040.0000 NET ACRES: 1040.0000
LEGAL DESCRIPTION : TOWNSHIP 3 NORTH, RANGE 93 WEST, 6TH P.M.
SECTION 8: S/2
SECTION 9: SW/4, W/2 SE/4, NE/4 SE/4
SECTION 15: E/2 NW/4, SW/4 NW/4, NW/4 SW/4
SECTION 17: NE/4
SECTION 21: W/2 NE/4, NE/4 NW/4
---------------------------------------------------------------------------------------------------------------
CO0977 00-00 XXXXXX XX XXXX XXXXXXXXXX XXX-00000 XXXXXXXX ENERGY COMPANY, LLC
06/01/2000 06/01/2010
COUNTY: MOFFAT CO BOOK: PAGE:
GROSS ACRES: 2337.2400 NET ACRES: 2337.2400
LEGAL DESCRIPTION : TOWNSHIP 3 NORTH, RANGE 93 WEST, 6TH P.M.
SECTION 3: XX/0 XX/0, X/0 XX/0, XXXX 0, 4
SECTION 5: X/0 XX/0, X/0, XXXX 0, 0
XXXXXXX 6: XXXX 0-0, X/0 XX/0, XX/0 XX/0,
X/0 XX/0, SE/4
SECTION 7: XXX 0, XX/0, X/0 XX/0, X/0 XX/0
SECTION 8: N/2
SECTION 9: NW/4, S/2 NE/4
SECTION 10: NW/4 NE/4, SE/4 SE/4
---------------------------------------------------------------------------------------------------------------
CO0978 00-00 XXXXXX XX XXXX XXXXXXXXXX XXX-00000 XXXXXXXX ENERGY COMPANY, LLC
06/01/2000 06/01/2010
COUNTY: MOFFAT CO BOOK: PAGE:
GROSS ACRES: 1200.0000 NET ACRES: 1200.0000
LEGAL DESCRIPTION : XXXXXXXX 0 XXXXX, XXXXX 00 XXXX, 0XX X.X.
SECTION 17: NW/4, S/2
SECTION 20: N/2
SECTION 32: E/2, E/2 NW/4
---------------------------------------------------------------------------------------------------------------
CO0979 00 XXXXXX XX XXXX XXXXXXXXXX XXX-00000 XXXXXXXX ENERGY COMPANY, LLC
06/01/2000 06/01/2010
COUNTY: MOFFAT CO BOOK: PAGE:
GROSS ACRES: 525.4500 NET ACRES: 525.4500
LEGAL DESCRIPTION : TOWNSHIP 4 NORTH, RANGE 93 WEST, 6TH P.M.
SECTION 32: SE/4 NW/4, E/2 SW/4, LOTS 3, 4
SECTION 34: W/2
---------------------------------------------------------------------------------------------------------------
CO0980 00 BUREAU OF LAND MANAGEMENT COC-63753 ANTELOPE ENERGY COMPANY, LLC
06/01/2000 06/01/2010
COUNTY: MOFFAT CO BOOK: PAGE:
GROSS ACRES: 2110.7300 NET ACRES: 2110.7300
LEGAL DESCRIPTION : TOWNSHIP 4 NORTH, RANGE 94 WEST, 6TH P.M.
SECTION 19: XXXX 0, 0, X/0 XX/0, XX/0 XX/0,
E/2 SW/4, SE/4
SECTION 20: ALL
SECTION 29: N/2
SECTION 30: NE/4, E/2 W/2, W/2 SE/4, LOTS 5-8
SECTION 31: LOTS 7,8, E/2 SE/4
---------------------------------------------------------------------------------------------------------------
CO0981 00 BUREAU OF LAND MANAGEMENT COC-63754 ANTELOPE ENERGY COMPANY, LLC
06/01/2000 06/01/2010
COUNTY: MOFFAT CO BOOK: PAGE:
GROSS ACRES: 1542.3400 NET ACRES: 1542.3400
LEGAL DESCRIPTION : XXXXXXXX 0 XXXXX, XXXXX 00 XXXX, 0XX X.X.
SECTION 26: W/2, W/2 XX/0, XXXX 0, 0
XXXXXXX 00: E/2, E/2 W/2, SW/4 NW/4, W/2 SW/4
SECTION 34: XX/0, X/0 XX/0, XX/0 XX/0,
XX/0 XX/0, SE/4
---------------------------------------------------------------------------------------------------------------
CO0982 00 BUREAU OF LAND MANAGEMENT COC-63751 COYOTE EXPLORATION COMPANY
06/01/2000 06/01/2010
COUNTY: MOFFAT CO BOOK: PAGE:
GROSS ACRES: 1947.2000 NET ACRES: 1947.2000
LEGAL DESCRIPTION : XXXXXXXX 0 XXXXX, XXXXX 00 XXXX, 0XX X.X.
SECTION 1: LOTS 5-8, S/2 N/2, S/2
SECTION 2: LOTS 5-8, S/2 N/2, S/2
SECTION 3: XXXX 0-0, X/0 X/0, X/0
---------------------------------------------------------------------------------------------------------------
XX0000 00 XXXXXX XX XXXX XXXXXXXXXX XXX-00000 XXXXXXX ASSOCIATES, INC.
06/01/2000 06/01/2010
COUNTY: MOFFAT CO BOOK: PAGE:
GROSS ACRES: 2086.3200 NET ACRES: 2086.3200
LEGAL DESCRIPTION : XXXXXXXX 0 XXXXX, XXXXX 00 XXXX, 0XX X.X.
SECTION 4: X/0 X/0, X/0, XXXX 0-0
XXXXXXX 5: XXXX 0, 0, X/0 XX/0, XX/0 XX/0,
E/2 SW/4, SE/4
SECTION 8: E/2, E/2 NW/4, E/2 SW/4, SW/4 SW/4
SECTION 9: N/2, SE/4
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CO0986 00 BUREAU OF LAND MANAGEMENT COC-63937 X. X. XXXXXXXXXX
10/01/2000 10/01/2010
COUNTY: MOFFAT CO BOOK: PAGE:
GROSS ACRES: 1339.5900 NET ACRES: 1339.5900
LEGAL DESCRIPTION : TOWNSHIP 3 NORTH, RANGE 93 WEST, 6TH P.M.
SECTION 1: SW/4 NE/4, SE/4 NW/4, NE/4
SW/4, NW/4 SE/4,
LOTS 1-4, 7-10
SECTION 2: XXXX 0, 00, 00, 00, 00, XX/0 NW/4,
SW/4
SECTION 11: XXXX 0, 0, 0, 0, 00, 00, X/0
XX/0, N/2 SW/4,
SW/4 SW/4
SECTION 12: XXXX 0, 0, 00, X/0 X/0, XX/0 SW/4
---------------------------------------------------------------------------------------------------------------
CO0989 00 XXXXXX XX XXXX XXXXXXXXXX XXX-00000 XXXXXXX ASSOCIATES, INC.
09/01/2000 09/01/2010
COUNTY: MOFFAT CO BOOK: PAGE:
GROSS ACRES: 262.9200 NET ACRES: 262.9200
LEGAL DESCRIPTION : TOWNSHIP 3 NORTH, RANGE 93 WEST, 6TH P.M.
SECTION 15: XXXX 0, 0, 0, 00, 00, 00, XX/0 SW/4
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CO0990 00 BUREAU OF LAND MANAGEMENT COC-63939 COYOTE EXPLORATION COMPANY
09/01/2000 09/01/2010
COUNTY: MOFFAT CO BOOK: PAGE:
GROSS ACRES: 748.9600 NET ACRES: 748.9600
LEGAL DESCRIPTION : TOWNSHIP 3 NORTH, RANGE 93 WEST, 6TH P.M.
SECTION 13: N/2 NW/4, S/2 SW/4, W/2 SE/4,
LOTS 3,4
SECTION 14: XXXX 0, 0, 00, 00,00, X/0 XX/0,
XX/0 XX/0, SE/4
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CO0991 00-01 BUREAU OF LAND MANAGEMENT COC-63941 COYOTE EXPLORATION COMPANY
09/01/2000 09/01/2010
COUNTY: RIO XXXXXX CO BOOK: PAGE:
GROSS ACRES: 1091.9900 NET ACRES: 1091.9900
LEGAL DESCRIPTION : TOWNSHIP 3 NORTH, RANGE 93 WEST, 6TH P.M.
SECTION 20: XX/0, X/0 XX/0, XX/0 SE/4, LOT 1
SECTION 29: XXXX 0, 0, 0, 0, 00, 00, X/0,
S/2 SE/4
SECTION 30: NE/4 NE/4, S/2 NE/4, SE/4