EXPLORATION AND DEVELOPMENT AGREEMENT LUSTRE FIELD PROSPECTExploration and Development Agreement • July 24th, 2023 • Laredo Oil, Inc. • Crude petroleum & natural gas
This Agreement is made and entered into the 18th day of July 2023, by and between Texakoma Exploration & Production, LLC, a Texas limited liability company hereinafter referred to as “Texakoma”, Lustre Oil Company, LLC, a Montana limited liability company hereinafter referred to as “Lustre” and Erehwon Oil & Gas, LLC, a Colorado limited liability company hereinafter referred to as “Erehwon”. Lustre and Erehwon may be collectively referred to herein as “LOC”. Texakoma and LOC may be referred to herein individually as a “Party” and collectively as the “Parties”. In consideration of the mutual covenants herein made, the Parties agree as follows:
