Abilene, TX 79601 February 21, 2002 RE: Letter of Agreement Morris Heirs Prospect Coleman County, Texas Gentlemen:Letter of Agreement • January 30th, 2003 • Sovereign Chief Venturer LTD
This agreement will serve to set out the terms and conditions of our agreement whereby Corinthian Energy Corporation, P. O. Box 2121, Abilene, Texas 79604, hereinafter referred to as “Corinthian” agrees to sell and Sovereign Resources, Inc., hereinafter referred to as “ Sovereign “ agrees to purchase a fifty three and three quarter percent (53.75%) Undivided Working Interest in and to certain oil and gas leases owned and held by Corinthian in Coleman County, Texas, and in the test well to be drilled, said purchase of interest to be for the consideration and in accordance with the terms and provisions set out herein below:
Saxon Oil Company 5950 Berkshire Lane Suite 580 Dallas, Texas 75225 Gentlemen:Joint Exploration Agreement • January 30th, 2003 • Sovereign Chief Venturer LTD
On behalf of Western Oil and Gas Development Corp. (“WOG”), and Braumiller and Braumiller Exploration (“BB”), hereinafter collectively referred to as WOG/BB, I would like to present an outline of a joint exploration agreement for developing gas reserves in the Anadarko Basin of Western Oklahoma.
