TWO ALLEN CENTER 1200 SMITH STREET, SUITE 1740 HOUSTON, TEXAS 77002-4312 (713) 659-1361 FAX: (713) 659-5459 January 6, 1999 Beta Oil & Gas, Inc. 901 Dove Street, Suite 230 Newport Beach, CA 92660 Attention: Mr. Steve Antry, President Re: Prospect...Undivided Interest Agreement • May 3rd, 1999 • Beta Oil & Gas Inc • Crude petroleum & natural gas • Texas
TWO ALLEN CENTER 1200 SMITH STREET, SUITE 1740 HOUSTON, TEXAS 77002-4312 (713) 659-1361 FAX: (713) 659-5459 January 6, 1999 Beta Oil & Gas, Inc. 901 Dove Street, Suite 230 Newport Beach, CA 92660 Attention: Mr. Steve Antry, President Re: Prospect...Undivided Interest Agreement • March 29th, 1999 • Beta Oil & Gas Inc • Crude petroleum & natural gas
When accepted by you in the manner provided below, this letter shall evidence the agreement between you (sometimes hereinafter referred to as "Beta") and Cheniere Energy, Inc., (hereinafter referred to as "Cheniere") with respect to (1) your acquiring from Cheniere a certain undivided interest in and to the Oil, Gas and Mineral Leases described on Exhibit "A" attached hereto and made a part hereof (the "Leases"), which Leases cover lands comprising the prospect known to Cheniere as the Redfish Prospect, and (2) your participation in the drilling of a test well on the Redfish Prospect in the manner hereinafter described. The geographical area covered by the Redfish Prospect is shown on Exhibit "A," on which it is depicted as the yellow shaded "Lease Block" (hereinafter referred to as the "Redfish Lease Block").
