August 4, 2009 Mr. James C. Einarsen, Manager Viking Exploration, LLCOption to Purchase Agreement • December 14th, 2011 • Empire Petroleum Corp • Crude petroleum & natural gas
Prospect Letter AgreementProspect Letter Agreement • December 14th, 2011 • Empire Petroleum Corp • Crude petroleum & natural gas • Nevada
This prospect letter agreement (this “Letter Agreement”) is made and entered into this [__] day of October, 2010 (the “Effective Date”), by and between Empire Petroleum Corporation, a Delaware corporation (“Empire”), and [________________] (“Assignee”). Empire and Assignee shall sometimes be referred to herein individually as a “Party” and, collectively, as the “Parties.”
RE: Participation Agreement,Participation Agreement • December 14th, 2011 • Empire Petroleum Corp • Crude petroleum & natural gas
This letter is to confirm Empire’s decision to commit to forty-five (45%) percent of the cost of a 5,000’ test well to be known as the PetroWorld Cobble Cuesta 1-12-T12N-R34E, Nye County. In return for paying forty-five (45%) percent of the cost of this test well Cortez will assign to Empire a thirty (30%) percent interest in the oil and gas leases listed on Schedule “A” attached to and made a part of this letter.
