November 18, 2004 Mr. Richard Gardner President CLK Energy, Inc. 1615 Poydras St. 5th. Floor New Orleans, LA 70112 Re: Bayou Choctaw Field - West Baton Rouge and Iberville Parishes, Louisiana Dear Rick: This letter is to evidence the agreement by and...Purchase and Sale Agreement • November 23rd, 2004 • Vtex Energy Inc • Crude petroleum & natural gas
This letter is to evidence the agreement by and between CLK Energy, Inc., a Delaware corporation ("CLK"), and VTEX Energy, Inc., a Nevada corporation ("VTEX"), with respect to those certain working interests (an undivided 67% interest in certain leases with an undivided 33% interest in certain leases insofar as they cover a certain tract of land) in the Bayou Choctaw Field, located in the Parishes of Iberville and West Baton Rouge, Louisiana, acquired by CLK pursuant to that certain Purchase and Sale Agreement ("PSA") dated effective as of 11:59 p.m. (CDT) on June 30, 2004 (the "Effective Time") by and between CLK, as Buyer, and Icon Oil U.S., LLC ("Icon"), Bligh Petroleum, Inc. and Bligh PNG Limited ("Bligh PNG") The entirety of the interests acquired by CLK pursuant to the PSA are hereinafter referred to as "Bayou Choctaw".
