ASSIGNMENT OF OIL & GAS LEASEHOLD

Exhibit 10.82

ASSIGNMENT OF

OIL & GAS LEASEHOLD

STATE OF TEXAS		}
COUNTY OF BURLESON		}

WHEREAS on September 19, 1977 an oil, gas and mineral lease was executed between X. X. Xxxxxxxx, Lessor and Caddo Oil Company, Inc., Lessee recorded in Volume 21, Page 641 in the Oil & Gas Lease Records of Xxxxxxxx County, Texas covering the following land:

Being 44.8 acres, more or less, out of the Xxxxx Xxxx 640-acre Survey in Xxxxxxxx County, Texas described in a deed dated February 25, 1947, from X. X. Xxxxxxx, et us., to X. X. Xxxxxxxx, recorded in Volume 99, page 569 of the Deed Records of said county, more fully described as:

BEGINNING at the Southeast corner of a tract of land in the name of Xxx. X. X. Xxxxxxx in the North line of the X. X. Xxxxxxxx 304 acre tract out of said survey, for the Southwest corner of this;

THENCE North 71° East with the North line of said Xxxxxxxx tract 1,196 feet to the Southwest corner of X. X. Xxxxx 62 acre tract;

THENCE North 19° West with the West Line of said Xxxxx tract 1,730 feet to a corner fence post, the same being in the South line of Hailey tract;

THENCE South 71° West with the South line of said Xxxxxx tract and the Xxxxxxx tract 1,196 feet to the bank of a small creek a corner in Xxxxxxx tract;

THENCE South 19° East with the Xxxxxxx East line 1,630 feet to the PLACE of BEGINNING.

WHEREAS, on October 5, 1977, Caddo Oil Company, Inc., did assign to Alto United Corporation, et al. (and others) interest in the above Oil, Gas and Mineral Lease which is recorded in Vol. 21, Page 823, Oil & Gas Records, Xxxxxxxx County, Texas. This assignment is made subject to the terms and provisions of an operating agreement of an even date therewith between the Assignor, as Operator, and the Assignees, as Non-Operator, which is recited therein as being executed contemporaneously therewith.

NOW, THEREFORE, Caddo Oil Company, Inc. and in its capacity as Operator, with authority granted to it by the Non-Operators for the sum of $ 10.00 and other good and valuable considerations, the receipt and sufficiency is hereby acknowledged does hereby bargain, sell, convey and assign all of their interest in the above described tract to X. Xxx XxXxxxxx, 000 X. Xxxx, Xxxxxxxx, Xx. 00000.

This assignment is made without warranty and conveys only that interest which Caddo Oil Co., Inc. may have the authority to assign. This assignment is subject to an assignment by Caddo Oil Co., Inc. to Energy Resource Management, Inc. dated October 15, 1992, apparently unrecorded as of the instant date. X. Xxx XxXxxxxx does hereby agree to indemnify and hold Caddo Oil Co., Inc. and any of its present or former officers and/or directors harmless from any disputes of title or damages which may result from this assignment, including, but not limited to, court costs and attorney’s fees.

TO HAVE AND TO HOLD said leasehold, insofar as it covers the above described property, with all rights and appurtenances thereto.

The effective date of this assignment shall be considered December 1, 1994.

EXECUTED this the 15^th day of March, 1995.

						CADDO OIL COMPANY, INC.
By:		/s/ X. Xxx XxXxxxxx				By:		/s/ X. X. XxXxxxxx
		X. Xxx XxXxxxxx						X. X. XxXxxxxx

STATE OF LOUISIANA		}
COUNTY OF PARISH OF CADDO		}

BEFORE ME, the undersigned authority, on this day personally appeared X. X. XxXxxxxx, known to me to be the person whose name is subscribed to in the foregoing instrument, and acknowledged to me that he/she executed the same as a free act and deed for the purposes and consideration therein expressed.

GIVEN under my hand and seal of office this 15^th day of March, 1995.

/s/ X. Xxxx Xxxxx

Notary Public

My Commission Expires:                                 

STATE OF TEXAS		}
		KNOW ALL MEN BY THESE PRESENTS
COUNTY OF XXXXX		}

BEFORE ME, the undersigned authority, on this day personally appeared X. Xxx XxXxxxxx , known to me to be the person whose name is subscribed to in the foregoing instrument, and acknowledged to me that he/she executed the same as a free act and deed for the purposes and consideration therein expressed.

GIVEN under my hand and seal of office this 2^nd day of March, 1995.

/s/ Xxxx X. Xxxxxxxxxxxxx

Notary Public

My Commission Expires: 1-12-96