FARMOUT AGREEMENTFarmout Agreement • November 15th, 2011 • Strategic American Oil Corp • Crude petroleum & natural gas
THIS FARMOUT AGREEMENT (the "Agreement") is made as of this 24th day of January, 2011 (the "Effective Date") by and between PENASCO PETROLEUM, INC. of 600 Leopard Street, Suite 2015, Corpus Christi, TX 78401 ("Farmor") and CORE MINERALS MANAGEMENT II, LLC, of 25 NW Riverside Drive, Suite 300, Evansville, IN 47708 ("Farmee"), with Farmor and Farmee being the "Parties," or "Party," as the case may be.
