SCHEDULE 4.1 (h) Attached to and made a part of that certain Asset Purchase and Sale Agreement dated October __, 2011, between Shoreline Southeast LLC and Shoreline Offshore LLC, as Seller, and North American Energy Resources Inc., as Buyer....
SCHEDULE 4.1 (h)
Attached to and made a part of that certain Asset Purchase and Sale Agreement
dated October __, 2011, between Shoreline Southeast LLC and Shoreline Offshore LLC, as Seller,
and North American Energy Resources Inc., as Buyer.
LITIGATION AND CLAIMS
1) Xxxxx Xxxxxx Xxxxxx #1 Well, Roanoke Prospect, Roanoke Field, Xxxxxxxxx Xxxxx Parish, Louisiana.
X. Xxxx XxXxx Oil & Gas Co. x. XxXxxxx Working Partners; Docket No. C-42-05; 31st Judicial District Court, Xxxxxxxxx Xxxxx Parish, Louisiana.
Description: Suit was brought to settle a royalty dispute involving the Xxxxx Xxxxxx Xxxxxx #1 Well, Xxxxxxxxx Xxxxx Parish, Louisiana. Upon filing suit to determine royalty ownership, Xxxx XxXxx began depositing disputed royalties into the registry of the court.
2) Bel Mineral #22-1 Well, Topsy Field, Xxxxxxxxx Xxxxx Parish, Louisiana.
A. Crimson Exploration Operating, Inc. v. Baal Minerals, Inc. and Bruiere Minerals Company; Docket No. C-2010-550, 33rd Judicial District Court, Xxxxx Xxxxxx, Louisiana.
Description: A Concursus Suit was filed to settle a royalty dispute involving the Bel Mineral No. 22-1 Well for the time period of 1/1/07 – 12/31/07. Shoreline has been named a Third Party Defendant.
3) X. Xxxxxx #1 Well, Indian Village Field, Xxxxxxxxx Xxxxx Parish, Louisiana.
Description: A written demand letter dated September 13, 2011 from attorneys Xxxxx & Xxxxx, Lafayette, Louisiana, representing Bruiere Minerals Company, claims mispayment of revenue attributable to its unleased mineral interest from the X. Xxxxxx #1 Well for the time period from July, 1999 to March of 2001. Xxxxx & Xxxxx claim every operator in the chain of operators is responsible for mineral production payments.
4) L & H Partnership 8-1 Alt. Well, Xxxxxx Creek Field, Xxxxx Xxxxxx, Louisiana.
Description: A written demand letter dated September 9, 2011 from attorneys Xxxxx & Xxxxx, Lafayette, Louisiana, representing Bruiere Minerals Company, claims mispayment of revenue attributable to its unleased mineral interest from the L & H Partnership 8-1 Alt. Well for the time period from September 1, 2005 to present. Xxxxx & Xxxxx claim every operator in the chain of operators is responsible for mineral production payments.
5) Xxxx Xxxxx Land Trust #26-1 Well, Indian Village Field, Xxxxxxxxx Xxxxx Parish, Louisiana.
Description: A written demand letter dated August 10, 2011 from attorneys Xxxxx & Xxxxx, Lafayette, Louisiana, representing Bruiere Minerals Company, claims mispayment of revenue attributable to its unleased mineral interest from the Xxxx Xxxxx Land Trust #26-1 Well for the time period from June, 2001 to November, 2004. Xxxxx & Xxxxx claim every operator in the chain of operators is responsible for mineral production payments.
