P.O. DRAWER 2360
▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇
------------- CASPER, WY 82602
EIGHTY EIGHT (▇▇▇) ▇▇▇-▇▇▇▇
TRUE FAX (▇▇▇) ▇▇▇-▇▇▇▇
OIL LLC
-------------
LEASE PURCHASE CONTRACT
-----------------------
Petrosearch Operating Co. LLC
▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
EEOLLC'S CONTRACT NO. PC 2729
SELLER'S CONTRACT NO: _________________________
EFFECTIVE CONTRACT DATE: November 1, 2003
When accepted by you in the manner hereinafter indicated, this shall constitute
an agreement between Petrosearch Operating Co. LLC, hereinafter called SELLER
and Eighty-Eight Oil LLC, hereinafter called BUYER under the terms of which
▇▇▇▇▇▇ agrees to sell and deliver, and ▇▇▇▇▇ agrees to purchase and receive the
hereinafter described merchantable crude oil and/or condensate upon the
following terms and conditions:
LOCATION: Per Exhibit "A" attached hereto and made a part hereof.
TERM: Effective November 1, 2003 through November 30, 2003 and
continuing thereafter until terminated by either party hereto providing
thirty (30) days advance written notice.
TYPE: Per Exhibit "A" attached hereto and made a part hereof.
PRICE: Per Exhibit 'A' attached hereto and made a part hereof.
For pricing purposes, all oil hereby sold will be deemed to have
been delivered in EQUAL DAILY QUANTITIES.
PAYMENT: Payment shall be made by Check on or before the 20th day of the
month following the month of delivery.
SPECIAL
PROVISIONS: Any changes to this contract shall be by amendment.
The General Provisions attached hereto are made a part hereof.
PETROSEARCH OPERATING CO. LLC EIGHTY-EIGHT OIL LLC
By: /s/ ▇▇▇ ▇. ▇▇▇▇▇▇ By: /s/ ▇.▇. ▇▇▇▇▇▇▇
--------------------- ------------------------------------
Title: Manager, President Title: ▇.▇. ▇▇▇▇▇▇▇, Operations Supervisor
--------------------- ------------------------------------
Date: 12/11/03 Date: 12-3-03
--------------------- ------------------------------------
Page 1 of 2
EIGHTY-EIGHT OIL LLC
--------------------
EXHIBIT "A"
-----------
CONTRACT WITH: Petrosearch Operating Co. LLC AMENDMENT NO: NONE
EEOLLC'S CONTRACT NO. PC 2729 AMENDMENT
SELLER'S CONTRACT NO: EFFECTIVE DATE:
-----------------------------------
EFFECTIVE CONTRACT DATE: November 1, 2003
-------------------------------------------------------------------------------------------------
LEASE NO LEASE NAME: OPERATOR: EFFECTIVE DATE: PRICE:
-------- ----------- --------- --------------- ------
-------------------------------------------------------------------------------------------------
PRODUCT TYPE: North Dakota Sweet
=================================================================================================
002-201 CONOCO-▇▇▇▇▇▇ 18-1 PETROSEARCH 11/1/03 Link Energy's
OPERATING CO LLC North Dakota
Sweet Northern
Township 139 North, Range 96 West, Plus $1.50 EDQ
---------------------------------- When connected
Section 18: NESE to pipeline,
Posting + $2.50
▇▇▇▇▇/NORTH DAKOTA
-------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
=================================================================================================
=================================================================================================
Page 2 of 2