Bourgeois Energy, Inc. 1536 Croston Plano, Texas 75075 972-422-5731 Saratoga Prospect Contract Sabine Parish, La.Saratoga Prospect Contract • March 31st, 2006 • Gulf Coast Oil & Gas Inc. • Metal mining
This contract is being prepared in order to document and add clarity to the verbal agreement entered into recently, Thursday, June 8, 2005 and is subject to the letter of confidentiality signed previously with respect to the areas and prospect heretofore referred to. It is the intent of the parties mentioned above to enter into a contract with respect to the above mentioned prospect. This quite naturally is subject to lease availability check on the areas and prospect and the execution of this contract in which Bourgeois energy, Inc. shall sell to Gulf Coast Oil & Gas, Inc., on a third for a quarter (1/3 for 1/4), 100% for a 75% Working Interest basis the aforementioned and above listed prospect. It is also understood, as discussed and as Gulf Coast Oil & Gas, Inc. Bourgeois Energy, or it's appointed company, shall serve as operator. Bourgeois Energy's geologist as normal will retain a minimum 2% ORRI and a 2.5% ORRI on all leases better than 1/5 royalty (landowner). Bourgeois Energy I
