LARICINA E N E R G Y L T D.Core Rig Contract • September 1st, 2006 • Lexington Energy Services Inc. • Oil & gas field services, nec
At the meeting between Lexcore Energy Services Inc. (Lexcore)., a subsidiary of Lexington Energy Services Inc., RCS Energy Services Ltd. (RCS) and Laricina Energy Ltd. (LEL) at Calgary, Alberta on July 28, 2006, a verbal agreement was reached to move forward with negotiations and contracting of two (2) coring/drilling rigs to LEL for the 2006 – 2007 Core Hole Delineation Project, subject to negotiations, and contract acceptance. It is understood that Lexcore will cease negotiations with all other operators pertaining to the aforementioned rigs while negotiations with LEL are ongoing.
