SHELL TRADING (US) COMPANY
EXHIBIT 10.1
SHELL TRADING (US) COMPANY
0000 Xxxxxxxx, Xxxxx 0000
Xxxxxx, XX 00000
September 11, 2006
Native American Energy Group
00-00 Xxxxxx Xx, Xxxxx 000
Xxxxxx Xxxxx, XX 00000
Attn: Xxx X. Nanvaan
RE: | LEASE PURCHASE AGREEMENT |
NUMBER: 01090R01 |
Dear Mr. Nanvaan
This confirms Shell Trading (US) Company’s (“STUSCO”) agreement to Native American Energy Group’s (“Seller”) agreement to sell and deliver crude oil production from the lease(s) described in the enclosed Attachment(s) to carriers designated by STUSCO. Provisions relating to crude type(s), decimal interest(s) for purchases from each lease, price, payment for crude oil and payment of taxes are stated in Attachment(s).
This agreement will continue from the effective date indicated on Attachment(s) until the 1st of the month following either party’s thirty (30) days advance written notice of cancellation and is also subject to the terms and conditions stated in the General Provisions, a copy of which is attached hereto and made part hereof.
Please confirm by fax to 000-000-0000 to the attention of Xxx Xxxxxx, that the above accurately records the terms and conditions of our agreement. If a reply is not received within ten (10) business days, it will constitute acceptance of the terms stated herein.
|
Regards, | |||
/s/ Patrick I.K. Xxxxxxxx | ||||
Xxxxxxx X.X. Xxxxxxxx | ||||
Crude oil Acquisitions – Rocky Mountain Region | ||||
NATIVE AMERICAN ENERGY GROUP | ||||
By: | /s/ Xxx X. Nanvaan | |||
Xxx X. Nanvaan – CFO | ||||
Date: | 9/11/06 |