Exhibit B SECURITIES PURCHASE AGREEM.ENTSecurities Purchase Agreement • December 21st, 2007 • National Filing Agents Inc • Crude petroleum & natural gas • Nevada
THIS SECURITIESPURCHASE AGREEMENT (this "Agreement") is made as of December 17, 2007 by and between Bonanza Oil & Gas, Inc. (OCTBB: NFLA), a corporation organized under the laws of the State of Nevada, with its principal offices at 1901 Post Oak Drive, Suite 402, Houston, TX 77027 (the "Company"), and Phoenix Capital Opportunity Fund, L.P. a limited artnership organized under the State of Delware with offices at 1630 Ringling Blvd Sarasota, Florida 34236 (the "Purchaser")
