PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • October 3rd, 2006 • Ignis Petroleum Group, Inc. • Metal mining • Texas
THIS PURCHASE AND SALE AGREEMENT (“Agreement”), dated as of September 27, 2006 (the “Execution Date”), is made and entered into between W. B. OSBORN OIL & GAS OPERATIONS, LTD., d/b/a W.B. Osborn Oil & Gas Operations (“WBO”), and ST. JO PIPELINE, LIMITED, both Texas Limited Partnerships and both located at P.O. Box 8C, San Antonio, TX 78217, herein collectively called “Seller”, and Ignis Barnett Shale, LLC, a Texas limited liability company, 100 Crescent Court, 7th Floor, Dallas, TX 75201, herein called “Buyer”. Seller and Buyer are hereinafter sometimes individually referred to as a “Party” hereto and together as “Parties” hereto.
