Mr. Douglas Bolen, Chairman Delta Oil & Gas Inc. Vancouver, BC V6C 1G8 Re: Letter Agreement, Ranken Energy Corporation. 2009 – 3 Drilling Program – Garvin County, OK Dear Doug,Letter Agreement • November 20th, 2009 • Delta Oil & Gas Inc • Oil & gas field exploration services
This LETTER AGREEMENT shall set forth the terms and conditions for your participation in the Ranken Energy Corporation (“REC”) 2009-3 Drilling Program, located in Garvin County, Oklahoma. Specifically, you agree to participate with a 5.00% Working Interest, subject to the following:
