escopeta oil Oil & Gas DevelopmentCancellation Agreement • November 16th, 2004 • Altus Explorations Inc • Gold and silver ores
This letter agreement (the "Release"), upon execution and return by you, shall set out the terms and conditions under which Altus Explorations, Inc. ("Altus"), and Escopeta Oil Company, LLC ("Escopeta") (collectively, the "Parties"), mutually cancel the Southeast Kansas/Northeast Oklahoma Development Agreement executed by Escopeta and Altus on November 11, 2003 and November 15, 2003, respectively (the "Development Agreement"), and take other actions necessary to terminate the relation between the Parties created thereby.
