PARTICIPATION AGREEMENTParticipation Agreement • December 21st, 2006 • Paxton Energy Inc • Crude petroleum & natural gas
Bayshore Exploration L.L.C. 20501 Katy Freeway, Suite 216 Katy, Texas 77450 Phone (281) 646-1919 Fax (281) 647-9448 bayshoreexpl@sbcglobal.netPaxton Energy Inc • December 21st, 2006 • Crude petroleum & natural gas
This letter is written to evidence the agreement between Bayshore Exploration L.L.C. (“Bayshore”) and Paxton Energy, Inc., (“Paxton”) pertaining to the acquisition and development of certain oil and gas leases and oil and gas lease options located in La Salle County, Texas.
Bayshore Exploration L.L.C. 20501 Katy Freeway, Suite 216 Katy, Texas 77450 Phone (281) 646-1919 Fax (281) 647-9448 bayshoreexpl@sbcglobal.netPaxton Energy Inc • December 21st, 2006 • Crude petroleum & natural gas
This letter is written to evidence the agreement between Bayshore Exploration L.L.C. (“Bayshore”) and Paxton Energy, Inc. (“Paxton”) pertaining to the Alamo Operating Company, L.C. — Cartwright No. 1 Well located in the C. Sullivan Survey No. 226, A -1076, La Salle County, Texas. Bayshore is the owner and holder of a 20% working interest, subject to a 75% net revenue interest, in the Alamo Operating Company, L.C. — Cartwright No. 1 Well. Paxton desires to purchase said 20% working interest from Bayshore with the following terms and conditions:
