Exhibit 5
Form SB-2
Mountain Oil, Inc.
September 27, 1999
CRUDE OIL PURCHASE CONTRACT
To: Mountain Oil, Inc.
0000 Xxxx Xxxxxxx 00
Post Office Box 1574 EOTT Contract 038141
Xxxxxxxxx, XX 00000 Other Company Number
Owner:
Attention: Xxxxx Xxxxxxxx
When accepted by you in the manner hereinafter indicated, this
shall evidence the agreement between Mountain Oil, Inc.
hereinafter called "Seller" and EOTT Energy Operating Limited
Partnership hereinafter called "Buyer" under the terms of which
the seller agrees to sell and deliver and the buyer agrees to
purchase and receive the hereinafter described crude oil and /or
condensate upon the following terms and conditions:
EOTT Receives
I. TERM:
Commencing at 7:00 a.m., mountain time ("MT") September 1, 1999
and continuing from month-to-month thereafter until terminated by
either party hereto giving written notice of termination
specifying a termination date which shall not be less than thirty
(30) days after the date of such notice. Termination shall no
affect rights or obligations of either party accrued prior to the
date of termination.
II. TYPE OF OIL:
BLACK WAX CRUDE
III. QUANTITY:
A volume equal to the total lease production from the leases
listed on atachment "A: (approximately 100 barrels per day)
IV. DELIVERY:
Mountain Oil, Inc. shall deliver the crude oil to EOTT at the
various leases listed on atttachment "A" into EOTT designated
trucks with title and risk of loss to pass to EOTT as the crude
oil passes through the outlet flange of the lease tankage or
meters.
V. PRICE:
EOTT's Utah black wax posted price for the month of delivery for
gravity delivered, plus $1.00 per barrel. Price to be based on
equal daily quantities.
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VI. PAYMENT:
Payment shall be made by EOTT pursuant to open division order
executed by Mountain Oil, Inc., less taxes, by check on the
twentieth (20th) day of the month following the month of delivery.
Division orders shall be mailed simultaneously and separately from
this agreement by EOTT'a division order department, ans shall
await execution of said division orders before payment can be
disbursed. If any division orders are executed pursuant to this
agreement, and in the event of any irreconcilable conflict between
the terms of any such division orders and this agreement, the
terms of this agreement shall be deemed controlling. Even if the
division orders are dated subsequent to this agreement. If due
date falls on Saturday or a Friday bank holiday, payment shall
become due on the preceding business day. If due date falls on
Sunday, or a Monday bank holiday, payment shall become due on the
next business day.
VII. DIVISION ORDERS:
All division orders, division order documents and division order
matter shall be sent to the following addresses:
EOTT Energy Operating limited Partnership Mountain Oil, Inc.
Attn: Division Order Department Attn: Xxxxx Xxxxxxx
X.X. Xxx 0000
Xxxxxxx, XX 00000-0000
VIII. INVOICES:
All invoices, invoicing documents and invoicing matters for EOTT
shall be sent to the following address:
EOTT Energy Operating Limited Partnership
X.X. Xxx 0000
Xxxxxxx, XX 00000-0000
Attn: Crude Oil Accounting
Telecopy Nos.: (000)000-0000/5806
IX. ALL OTHER NOTICES:
All written confirmations, correspondence, etc., shall be sent to
the following address:
EOTT Energy Operating Limited Partnership Mountain Oil, Inc.
Attn: Xxxx Xxxxxxxx Attn: Xxxxx Xxxxxxx
0000 00xx Xxxxxx, Xxxxx 0000
Phone: (000)000-0000 Phone: (000) 000-0000
Fax: (000) 000-0000 Fax: (000) 000-0000
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X. SPECIAL PROVISIONS:
Mountain Oil, Inc. represents and warrants unto EOTT that all
crude oil delivered to EOTT hereunder shall be virgin crude oil,
and Mountain Oil, Inc. shall fully indemnify EOTT against any
loss, damage, harm, liability, claim, action, suit, demand or
complaint whatsoever, which EOTT may suffer as a result of
receiving non-virgin crude oil from Mountain Oil, Inc. hereunder.
Mountain Oil, Inc. represents and warrants unto EOTT that Mountain
Oil, Inc. has full right and authority to enter into this contract
with respect to all of the crude oil volumes to be delivered
hereunder and that the execution and performance of this contract
by Mountain Oil, Inc. shall not, at any time, constitute a breach
or violation of any agreement which Mountain Oil, Inc., may have
with any third party or a breach of any duty which Mountain Oil,
Inc. may have to any third party.
Mountain Oil, inc. shall fully defend and indemnify EOTT against,
and hold EOTT fully harmless, from any claim, action, suit, demand
or complaint (of any nature whatsoever) which any interest owner
in any well or lease listed on Attachment "A" may bring in
connection with (I) this contract between Mountain Oil, Inc. and
EOTT, or (II) any production proceeds paid out by EOTT pursuant
to this contract.
Mountain Oil, Inc. shall not assign this contract to any person or
firm except upon written consent y EOTT, which consent shall not
be unreasonably withheld. This contract shall be binding upon and
inure to the benefit of th parties hereto, their respective heirs,
representatives, successors and assigns.
Please confirm your acceptance of the above terms and conditions
by immediate return telex/fax to the attention of :
Xxxx Xxxxxxxx
Contract Administration Department
Phone: (000) 000-0000
Fax: (000) 000-0000
If no written objection has been received from you within 48 hours
of this transmission, each term and condition set forth in this
telex shall be binding upon the aforementioned parties.
Regards,
Xxxxxxx X. Xxxxxxxx
General Manager - Rocky Mountain Region
Accepted and agreed to this 1st day
Of September, 1999 BY:
Mountain Oil, Inc.
By: /s/ Xxxxx Xxxxxxxx, President
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Attachment "A"
EOTT Effect
Lease No. Lease Name Location Date
5088828 Ute Tribal 24-12 SEC 24-5S-4W 9/1/99
Xxxxxxxx Xxxxxx, Xxxx
0000000 Ute Indian Tribe 0-00 XXX 00-0X-0X 0/0/00
Xxxxxxxx Xxxxxx, Xxxx
0000000 Ute Indian Tribe 11-25 SEC 25-4S-3W 9/1/99
Xxxxxxxx Xxxxxx, Xxxx
0000000 Ute Indian Tribe 1-2 SEC 2-4S-4W 9/1/99
Xxxxxxxx Xxxxxx, Xxxx
0000000 Xxxxxx 0-00 X0 XXX 00-0X-0X 0/0/00
Xxxxxxxx Xxxxxx, Xxxx
5088838 Xxxxxxx 0-00 X0 XXX 00-0X-0X 0/0/00
Xxxxxxxx Xxxxxx, Xxxx
5088839 Xxxxxx 2-24 A5 SEC 24-1S-5W 9/1/99
Xxxxxxxx Xxxxxx, Xxxx
0000000 Ute Indian Tribe 13-15x SEC 13-4S-6W 9/1/99
Duchesne County, Utah
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Mountain Oil, Inc.
Well List
Well Name
Xxxxxx Xxx L.E. Font 3-27Z2
XXX, X0X, Xxxxxxx 00, XXXX, XXX
Xxxxxxxx Xxxxxx, Xxxx
API# 00-000-00000
Lease #
Green River/ Wasatch Formation
Entity, 09464
First Production 6/85
Field: 00 Xxxxxxxx
Xxx Xxxxxx 0-00X0X
X0X, X0X, Section 16, SESE, USM
Uintah County, Utah
API# 00-000-00000
Lease #
Green River/ Wasatch Formation
Fntity: 00780
First Production: 1/77
Field: 00 Xxxxxxxx
Xxx Xxxxxxx
Xxxxxxx 0-00 X0X
X0X, X0X, Section 26, NWSE, USM
Uintah County, Utah
API # 00-000-00000
CA# UTU71370
Lease #
Green River Formation
Entity: 00870
First Production: 3/84
Field: 65 Bluebell
Fee Surface
X-0
Xxx-Xxxx 0-00X0
X0X, X0X, Section 21, SENE, USM
Duchesne County, Utah
API # 00-000-00000
Lease #
Green River/ Wasatch Formation
Entity: 10713
First Production: 2/87
Field- 65 Bluebell
Fee Surface
Xxxxxx 1-21A1
T1S, R1W, Section 21, NESW, USM
Duchesne County, Utah
API # 00-000-00000
Lease #
Green River/ Wasatch Formation
Entity: 00935
Field- 65 Bluebell
Status: Lease held by Xxx-Xxxx Production
Xxxxxxx 1-24AS
T1S, R5W, Xxxxxxx 00, XXXX, XXX
Xxxxxxxx Xxxxxx, Xxxx
API # 00-000-00000
Lease #
Green River/ Wasatch Formation
Entity; 00205
First Production: 3/75
Field: 00 Xxxxxxxx
Xxxxxx 0-00X0
X0X, X0X, Section 24, SESW, USM
Duchesne County, Utah
API # 00-000-00000
Lease #
Green River/ Wasatch Formation
Entity: 00218
First Production; 11/85
Field: 00 Xxxxxxxx
Xxx Xxxxxxx
X-0
0-0X0X
X0X, X0X, Xxxxxxx 00, XXXX, XXX
Xxxxxx Xxxxxx, Xxxx
API# 00-000-00000
Lease #
Green River/ Wasatch Formation
Entity: 600
First Production , 11/83
Field: 00 Xxxxxxxx
Xxxxxxx 0-00X0
X0X, X0X, Xxxxxxx 00, XXXX, XXX
Xxxxxxxx Xxxxxx, Xxxx
API # 00-000-00000
Lease #
Green River/ Wasatch Formation. Formation Perforated
Entity: 00673
First Production: 11/83
Field: 00 Xxxxxxxx
Xxx Xxxxxxx
Xxxxx Xxxxx #0
X0X, X0X Xxxxxxx 00, XXXX, XXX
Xxxxxxxx Xxxxxx, Xxxx
API# 00-000-00000
Lease #
Green River/ Wasatch Formation
Entity: 01091
First Production: 4/73
Field: 00 Xxxxxxxx
Xxxxx, 0X-0X0
X0X, X0X, Section 3, NESW, USM
Duchesne County, Utah
API # 00-000-00000
Lease #
Green River/ Wasatch Formation
Entity: 00216
First Production: 12/84
Field: 55 Altamont
Fee Surface
X-0
Xxxxx 0-0X0
X0X, XXX, Xxxxxxx 0, XXXX, XXX
Xxxxxxxx Xxxxxx, Xxxx
API # 00-000-00000
Lease #
Green River/ Wasatch Formation
Entity: 00215
First Production: 5/82
Field: 55 Altamont
Ute Tribal 0-00
X0X, X0X, Xxxxxxx 00, XXXX, XXX
Xxxxxxxx Xxxxxx, Xxxx
API # 00-000-00000
Lease #
Green River Formation
Entity: 0 1225
First Production 7/66
Field: 72 Xxxxxxxx Canyon
Ute Tribal 13-15X
T5S, R4W, Xxxxxxx 00, XXXX. XXX
Xxxxxxxx Xxxxxx, Xxxx
API# 43-013-,30844
Lease #
Green River Formation
Entity: 09100
First Production: 12/83
Field: 72 Xxxxxxxx Canyon
Ute Tribal 00-00
X0X, X0X, Xxxxxxx 00, XXXX, XXX
Xxxxxxxx Xxxxxx, Xxxx
API# 4 43-013-30830
Lease #
Green River Formation
Entity: 09104
First Production: 8/94
Field: 72 Xxxxxxxx Canyon
X-00
Xxxxx Xxxxxxxx Xxxxxxx 00-00
X0X, X00X, Xxxxxxx 00, XXXX, XXX
Xxxxxx Xxxxxx, Xxxx
API# 00-000-00000
Lease #
Green River Formation
Entity. 09705
First Production: 9/84
Field: 000 Xxxxxxx Xxxxxx
0-00X0
X0X, X0X, Xxxxxxx 00, XXXX, XXX
Xxxxxxxx Xxxxxx, Xxxx
API# 00-000-00000
CA# UTU75537
Lease #
Green River/ Wasatch Formation
Entity: 02340
First Production: 6/80
Field: 00 Xxxxxxxx
Xxx Xxxxxx 0-00X0
X0X, X0X, Xxxxxxx 00, XXXX, XXX
Xxxxxxxx Xxxxxx, Xxxx
API# 00-000-00000
CA # UTU 75763
Lease #
Green River/ Wasatch Formation
Entity: 0 1866
First Production: 3/74
Field: 55 Xxxxxxxx
0-00X0
X0X, X0X, Xxxxxxx 00, XXXX, XXX
Xxxxxxxx Xxxxxx, Xxxx
API# 00-000-00000
Lease #
Green River/ Wasatch Formation
Entity. 02330
First Production, 2/80
Field: 55 Altamont
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Ute Tribal 0-00
X0X, X0X, Xxxxxxx 00, XXXX, XXX
Xxxxxxxx Xxxxxx, Xxxx
API # 00-000-00000
Lease #
Wasatch Formation
Entity: 02625
First Production: 10/83
Field: 000 Xxxxx Xxxxx Bench
Fee Surface
Xxxxx Xxxx 1-14D6
T4S, R6W, Xxxxxxx 00, XXXX XXX
Xxxxxxxx Xxxxxx, Xxxx
API# 00-000-00000
Lease #
Green River/ Wasatch Formation
Entity: 05275
First Production: 0/00
Xxxxx 00 Xxxxxxxx
Xxx Tribal 11 -25
T4S, R3W, Xxxxxxx 00, XXXX, XXX
Xxxxxxxx Xxxxxx, Xxxx
API# 00-000-00000
Lease #
Green River Formation
Entity: 02645
First Production. 7/83
Field: 000 Xxxxx Xxxxx Bench
Fee Surface
Coyote Canyon 10-9
T4S, R4W, Xxxxxxx 0, XXXX, XXX
Xxxxxxxx Xxxxxx, Xxxx
API # 00-000-00000
Lease #
Wasatch Formation
Entity: 09900
First Production: 11/84
Field: 90 Duchesne
E-12
Ute Tribal 00-0
X0X, X0X, Xxxxxxx 0, XXXX, XXX
Xxxxxxxx Xxxxxx, Xxxx
API# 00-000-00000
Green River Formation
Entity: 02610
First Production 1/84
Field: 72 Xxxxxxxx Canyon
Fee. Surface
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