0001104659-09-041934 Sample Contracts

Contract
Gas Purchase Contract • July 6th, 2009 • Cano Petroleum, Inc • Crude petroleum & natural gas • Texas

THE COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE “COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS. ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE COMMISSION. OMITTED PORTIONS ARE INDICATED IN THIS EXHIBIT WITH “*****”.

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GAS PURCHASE AGREEMENT By And Between Eagle Rock Field Services, L. P. and and Pantwist, LLC Dated: April 1, 2007
Gas Purchase Agreement • July 6th, 2009 • Cano Petroleum, Inc • Crude petroleum & natural gas • Texas

This Gas Purchase Agreement (“Agreement”) is made and entered into and is effective as of April 1, 2007, by and between Eagle Rock Field Services, L. P., hereinafter referred to as “BUYER,” and WO Operating Company Ltd. and Pantwist, LLC, hereinafter referred to collectively and/or individually as “SELLER”, each individually referred to as a ‘Party” or together as “Parties”. Notwithstanding anything to the contrary herein contained, neither W.O. Operating Company, Ltd. nor Pantwist, LLC shall be responsible for the obligations of the other under the terms and provisions of this Agreement.

August 23 2006 Pampa, IX 79066 Attn: Mr. Miles O’Loughlin
Valero #01-0838 • July 6th, 2009 • Cano Petroleum, Inc • Crude petroleum & natural gas

Reference is made to the above captioned agreement and subsequent amendments thereto, if any, covering the above referenced contract.

Contract
Crude Oil Purchase Agreement • July 6th, 2009 • Cano Petroleum, Inc • Crude petroleum & natural gas

THE COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE “COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS. ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE COMMISSION. OMITTED PORTIONS ARE INDICATED IN THIS EXHIBIT WITH “*****”.

Contract
Gas Purchase Agreement • July 6th, 2009 • Cano Petroleum, Inc • Crude petroleum & natural gas

THE COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE “COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS. ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE COMMISSION. OMITTED PORTIONS ARE INDICATED IN THIS EXHIBIT WITH “*****”.

RE: Valero #01-0838 Amendment 16
Valero #01-0838 • July 6th, 2009 • Cano Petroleum, Inc • Crude petroleum & natural gas

Reference is made to the above captioned agreement and subsequent amendments thereto, if any. Subject agreement shall be amended by deleting the “Price” and “Term” clauses and inserting the following:

DIAMOND SHAMROCK REFINING COMPANY, L.P, CRUDE OIL PURCHASE CONTRACT
Crude Oil Purchase Contract • July 6th, 2009 • Cano Petroleum, Inc • Crude petroleum & natural gas

This Agreement shall remain in effect for an initial term commencing on May 1, 2001 through October 31, 2001, and continuing thereafter on a month to month basis unless and until cancelled by either party giving the other thirty (30) days advance written notice of cancellation.

Contract
Crude Oil Purchase Agreement • July 6th, 2009 • Cano Petroleum, Inc • Crude petroleum & natural gas

THE COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE “COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS. ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE COMMISSION. OMITTED PORTIONS ARE INDICATED IN THIS EXHIBIT WITH “*****”.

AMENDMENT TO GAS PURCHASE CONTRACT
Gas Purchase Contract • July 6th, 2009 • Cano Petroleum, Inc • Crude petroleum & natural gas

This Amendment is entered as of August 1, 2005, regardless of the date of execution, between W O OPERATING COMPANY (“Seller”) and DUKE ENERGY FIELD SERVICES, LP (“Buyer”).

Contract
Crude Oil Purchase Agreement • July 6th, 2009 • Cano Petroleum, Inc • Crude petroleum & natural gas

THE COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE “COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS. ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE COMMISSION. OMITTED PORTIONS ARE INDICATED IN THIS EXHIBIT WITH “*****”.

AMENDMENT TO GAS PURCHASE CONTRACT
Gas Purchase Contract • July 6th, 2009 • Cano Petroleum, Inc • Crude petroleum & natural gas

This Amendment is entered as of September 1, 2005, regardless of the date of execution, between W O OPERATING COMPANY (“Seller”) and DUKE ENERGY FIELD SERVICES, LP (“Buyer”).

April 30, 2009 Cano Petroleum, Inc.
Gas Purchase Agreement • July 6th, 2009 • Cano Petroleum, Inc • Crude petroleum & natural gas
Contract
Crude Oil Purchase Agreement • July 6th, 2009 • Cano Petroleum, Inc • Crude petroleum & natural gas

THE COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE “COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS. ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE COMMISSION. OMITTED PORTIONS ARE INDICATED IN THIS EXHIBIT WITH “*****”.

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