Attached files
| file | filename |
|---|---|
| 10-K - ANNUAL REPORT - LILIS ENERGY, INC. | f10k2009_recovery.htm |
| EX-32.1 - CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - LILIS ENERGY, INC. | f10k2009ex32i_recovery.htm |
| EX-31.1 - CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - LILIS ENERGY, INC. | f10k2009ex31i_recovery.htm |
| EX-14.1 - CODE OF ETHICS - LILIS ENERGY, INC. | f10k2009ex14i_recovery.htm |
| EX-23.1 - CONSENT OF HEIN & ASSOCIATES LLP. - LILIS ENERGY, INC. | f10k2009ex23i_recovery.htm |
PURCHASE AND SALE
AGREEMENT
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·
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Dill
East Field and Lukassen 14-34 well, Kimball County,
Nebraska
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·
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Pieper
#3-29 well, Washington County,
Colorado
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·
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Omega
Prospect, Banner County, Nebraska
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·
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Comanche
Farms Prospect, Arapahoe County,
Colorado
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THIS
PURCHASE AND SALE AGREEMENT (this “Agreement”), dated
effective as of January 1, 2010 at 7:00 a.m. Mountain Time (the “Effective Time”), is
between EDWARD MIKE DAVIS,
L.L.C., a Nevada limited liability company, 200 Rancho Circle, Las Vegas,
Nevada 89107 (“Seller”), and RECOVERY ENERGY, INC., a
Nevada corporation, 1515 Wynkoop Street, Suite 200, Denver, Colorado 80202
(“Buyer”).
Seller and Buyer are sometimes referred to in this Agreement, collectively, as
the “Parties,”
and individually, as a “Party.”
Recitals
A. Seller
owns certain rights and interests in and to the Dill East Field (Wilke Lease)
and the Lukassen 14-34 well, located in Kimball County, Nebraska, the Pieper
3-29 well, located in Washington County, Colorado, the Omega Prospect located in
Banner County, Nebraska and the Comanche Farms Prospect located in Arapahoe
County, Colorado (the “Assets” as defined
below).
B. Seller
previously agreed to sell and assign the Assets to Buyer and such transaction
was terminated and the Assets were returned to Seller effective December 1,
2009.
C. Seller
desires to sell and assign to Buyer, and Buyer desires to purchase and acquire
from Seller, the Assets in accordance with the terms and conditions
hereof.
Agreement
IN
CONSIDERATION OF ONE HUNDRED DOLLARS ($100.00), the mutual premises and
covenants contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Parties hereby
agree as follows:
1. In
accordance with the terms and conditions of this Agreement, Buyer agrees to
purchase and acquire from Seller, and Seller agrees to sell, assign, transfer
and convey to Buyer the following (collectively, the “Assets”):
(a) The
leasehold estates created by the oil and gas leases (the “Leases) described in
Exhibit A hereto, insofar as and only insofar as the Leases cover and relate to
the land described in Exhibit A hereto (the “Land”),
including:
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(i)
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an
undivided eighty-seven and one-half percent (87.50%) working interest and
a seventy percent (70.00%) net revenue interest in, to and under the Wilke
Dill East Field) Leases, covering the Land located in Kimball County,
Nebraska, described in Exhibit A
hereto;
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1
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(ii)
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an
undivided one hundred percent (100.00%) working interest and eighty
percent (80.00%) net revenue interest in, to and under the Lukassen
Leases, covering the Land located in Kimball County, Nebraska, described
in Exhibit A hereto;
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(iii)
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an
undivided one hundred percent (100.00%) working interest and an eighty
percent (80.00%) net revenue interest in, to and under the Pieper Lease,
covering the Land located in Washington County, Colorado, described in
Exhibit A hereto;
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(iv)
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a
fifty percent (50.00%) working interest and a forty percent (40.00%) net
revenue interest in, to and under the Omega Prospect Leases, covering the
Land located in Banner County, Nebraska, described in Exhibit A hereto;
and
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(v)
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a
fifty percent (50.00%) working interest and a forty percent (40.00%) net
revenue interest in, to and under the Comanche Farms Prospect Leases,
covering the Land located in Arapahoe County, Colorado, described in
Exhibit A hereto.
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(b) The
undivided interests in and to the wells located upon the Land and described in
Exhibit A hereto (the “Wells”).
(c) The oil,
gas, natural gas liquids, condensate and other hydrocarbons produced from the
Land covered by the Leases, or attributable or allocable thereto, or to lands
pooled or unitized therewith, from and after the Effective Time (the “Production”).
(d) The
equipment, personal property, facilities, pipelines, improvements, fixtures,
buildings and structures located upon the Land, and used in connection with the
Leases, the Land or the Wells for the production, gathering, treatment,
compression, transportation, processing, sale or disposal of hydrocarbons or
water produced from the Land, or attributable thereto, including, without
limitation, all the wells, well-bores, casing, tubing, gauges, valves, rods,
flow lines, gear boxes, pumps, tanks, separators, gathering system, compressors,
pipelines, fixtures, pits, buildings and improvements described in Exhibit A
hereto (collectively, the “Equipment”).
(e) The
surface rights incident or appurtenant to the Leases, the Land and the Wells,
and all easements, rights-of-way, permits, licenses, servitudes, surface use
agreements or other similar interests affecting the Land, the Leases and the
Wells (collectively, the “Surface
Rights”).
(f) The
agreements, contracts, options, leases, licenses, permits and other documents
related to the ownership or operation of the Leases, the Land, the Wells, the
Production, the Equipment and the Surface Rights including, without limitation,
all operating, unit, pooling, exploration, farm-out, participation, operating,
unit, pooling, communitization, gathering, water disposal, processing,
transportation and product purchase agreements, and options, permits, orders and
decisions of state and federal regulatory authorities (collectively, the “Material
Contracts”).
2
(g) Copies of
Seller’s files and records, including all accounting, revenue and expense
records related to the Leases, the Land and the Wells (the “Records”) including,
without limitation, all of the following: (i) land, lease, title, contracts,
rights of way, surveys, maps, plats, correspondence and other documents; (ii)
division of interest and accounting records; (iii) severance, production and
property tax records; and (iv) well, operations, engineering, environmental and
maintenance records.
2. The
working interest assigned by Seller to Buyer shall be subject to a 20% royalty
and overriding royalty (the “Royalty”) burden, so
that after closing of the sale contemplated by this Agreement, Buyer shall own
an undivided eighty-seven and one-half percent (87.50%) working interest and
seventy percent (70.00%) net revenue interest in the Wilke (Dill East Field)
Leases and Wilke (Dill East Field) Wells, located in Kimball County, Nebraska, a
one hundred percent (100.00%) working interest and eighty percent (80.00%) net
revenue interest in the Lukassen Leases and the Lukassen 14-34 well, located in
Kimball County, Nebraska, and the Pieper Lease and the Pieper 3-29 well, located
in Washington County, Colorado, and an undivided fifty percent (50.00%) working
interest and forty percent (40.00%) net revenue interest in the Omega Prospect
Leases in Banner County, Nebraska and the Comanche Farms Prospect Leases in
Arapahoe County, Colorado. If Seller owns less than 100% of the
leasehold interest created by the Leases, or in the event the Leases cover less
than the full fee mineral estate in the Land covered by the Leases, then the
Royalty shall be reduced proportionately with respect to Seller’s interest in
such Lease or the partial mineral interest covered by the Lease.
3. The
purchase price for the Assets shall be One Million Four Hundred and Fifty
Thousand (1,450,000) shares of restricted common stock of Buyer (the “Shares”),
and Four Million Five Hundred Thousand Dollars ($4,500,000.00) (collectively,
the “Purchase Price”), as adjusted hereunder. The Shares shall be
delivered to Seller on or before Closing. The cash portion of the
Purchase Price shall be paid by Buyer to Seller on or before January 29, 2010 by
bank wire to Seller’s account pursuant to the following wiring
instructions
Bank of
America - Nevada; phone: *********;
*************
*************
Routing
No. ***********
Credit to
the account of *******************.
4. Ownership
of the Assets shall be transferred from Seller to Buyer at Closing, but the cash
portion of the Purchase Price shall be adjusted to reflect the
following: Effective as of December 1, 2009, all costs, liabilities
and expenses attributable to the Assets incurred prior to December 1, 2009 shall
be the responsibility and obligation of Seller, and Seller shall be entitled to
all of the proceeds from the sale of production attributable to the Assets prior
to December 1, 2009. In addition, at the Closing, Buyer shall pay Seller for the
value of all oil in the tanks and line fill as of December 1, 2009 at the
contract price which Seller is receiving from the purchaser of production from
the Assets for the month in which the Closing occurs. The determination of the
amount of oil in the tanks shall be done by gauging on December 1, 2009 which
shall be jointly measured and observed by representatives of Seller and Buyer.
All costs, liabilities and expenses attributable to the Assets and incurred on
or after December 1, 2009 shall be the responsibility and obligation of Buyer,
and Buyer shall be entitled to all proceeds from the sale of production
attributable to the Assets on or after December 1, 2009. Buyer shall be
responsible for and shall pay all of the operating expenses, direct charges and
operator’s overhead attributable to the Assets from and after December 1,
2009.
3
5. Seller
hereby represents and warrants to Buyer that the following representations and
warranties shall be true and correct at and as of Closing:
(a) Seller is
a limited liability company duly organized, validly existing and in good
standing under the laws of the State of Nevada, and is authorized to do business
in the State of Colorado and the State of Nebraska.
(b) Seller
has all requisite power and authority to carry on its business as presently conducted, to enter into this
Agreement, and perform its obligations under this Agreement. The consummation of
the transactions contemplated by this Agreement will not violate nor be in
conflict with any provision of Seller’s articles of organization or
organizational documents, or any agreement or instrument to which Seller is a
party or is bound, or any judgment, decree, order, writ, injunction, statute,
rule or regulation applicable to Seller. The execution, delivery and performance
of this Agreement, and the transactions contemplated hereby, have been duly and
validly authorized by all requisite action on the part of Seller.
(c) This
Agreement has been duly executed and delivered on behalf of Seller, and, at the
Closing, all documents and instruments required hereunder to be executed and
delivered by Seller shall have been duly executed and delivered. This Agreement
does, and such documents and instruments shall, constitute legal, valid and
binding obligations of Seller enforceable in accordance with their
terms.
(d) Seller
hereby agrees to warrant and defend the title to the Assets against all liens,
encumbrances and defects of title arising by, through, or under Seller, but not
otherwise. The Assets are free and clear of all mortgages, liens or
other encumbrances.
(e) To
Seller’s knowledge, all rentals and royalties under the Leases have been timely
and fully paid.
(f) Seller
has paid all ad valorem, property, production, severance, excise taxes and
assessments attributable to the Leases, the Land and the Production which were
due and payable prior to December 1, 2009.
(g) Seller
has not received notice of any breach, default or violation under any of the
Leases or the Material Contracts. No claim, demand, filing, cause of action,
administrative proceeding, lawsuit or other litigation has been served upon
Seller or notice received by Seller or, to Seller’s knowledge, threatened with
respect to any of the Assets.
4
(l) To
Seller’s knowledge, there are no consents required to be obtained for, and no
preferential rights to purchase exercisable in connection with, the assignment
of the Assets by Seller to Buyer hereunder.
(m) To
Seller’s knowledge, there are no outstanding authorities for expenditure or
other commitments to make capital expenditures which are binding on the Assets,
and which Seller reasonably anticipates will require expenditures in excess of
Twenty-five Thousand Dollars ($25,000.00) per item.
(n) Seller’s
interest in the Assets is not subject to any contract for the sale of the
production attributable to periods after the Effective Time, other than
contracts that may be terminated by thirty (30) days prior written notice. To
Seller’s knowledge, Seller’s interest in the Assets is not subject to or
burdened by any obligation under a sales, take-or-pay, gas balancing, marketing,
hedging, forward sale or similar arrangement, to deliver the production
attributable to such interest in the Assets without receiving payment at the
time of or subsequent to delivery, or to deliver the Production in the future
for which payment has already been received (e.g., a “forward” sale
contract).
(h) The
Records have been maintained in the ordinary course of Seller’s business, and
Seller has not intentionally omitted any material information from the
Records.
(i) Seller is
not a “foreign person” within the meaning of Section 1445 of the Internal
Revenue Code.
(j) There are
no bankruptcy, reorganization or receivership proceedings pending, or, to
Seller’s knowledge, threatened against Seller.
(k) Seller
has not incurred any liability for brokers or finders fees relating to the
transactions contemplated by this Agreement for which Buyer shall have any
responsibility whatsoever.
6. Buyer
hereby represents and warrants to Seller that the following representations and
warranties shall be true and correct at and as of Closing:
(a) Buyer is
a Nevada corporation duly organized, validly existing and in good standing under
the laws of the State of Nevada, and is authorized to do business in the State
of Colorado and the State of Nebraska.
(b) Buyer has
all requisite power and authority to carry on its business as presently conducted, to enter into this
Agreement, and perform its obligations under this Agreement. The consummation of
the transactions contemplated by this Agreement will not violate nor be in
conflict with any provision of Buyer’s articles of organization or
organizational documents, or any agreement or instrument to which Buyer is a
party or is bound, or any judgment, decree, order, writ, injunction, statute,
rule or regulation applicable to Buyer. The execution, delivery and performance
of this Agreement, and the transactions contemplated hereby, have been duly and
validly authorized by all requisite action on the part of Buyer.
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(c) This
Agreement has been duly executed and delivered on behalf of Buyer, and, at the
Closing, all documents and instruments required hereunder to be executed and
delivered by Buyer shall have been duly executed and delivered. This
Agreement does, and such documents and instruments shall, constitute legal,
valid and binding obligations of Buyer enforceable in accordance with their
terms.
(d) There are
no bankruptcy, reorganization or receivership proceedings pending, or, to
Buyer’s knowledge, threatened against Buyer.
(e) Buyer has
not incurred any liability for brokers or finders fees relating to the
transactions contemplated by this Agreement for which Seller shall have any
responsibility whatsoever.
7. The
purchase and sale of the Assets pursuant to this Agreement (the “Closing”) shall occur
at on or before January 29, 2010, by fax or electronically, or such other date
as Buyer and Seller may mutually agree in writing, electronically. At the
Closing, the following shall occur:
(a) Seller
shall execute, acknowledge and deliver to Buyer (in sufficient counterparts to
facilitate recording) an assignment, conveyance and bill of sale (the “Assignment”) covering
the Assets, substantially in the form of Exhibit B hereto, with sufficient
counterparts for filing in the appropriate governmental offices.
(b) On or
before January 29, 2010, Buyer shall pay Seller the Purchase Price by wire
transfer to Seller’s account in accordance with the terms and conditions
hereof.
(c) Buyer and
Seller shall execute, acknowledge and deliver transfer orders or letters in lieu
of transfer orders directing all purchasers of production to make payment of
proceeds attributable to production from the Assets to Buyer after the Effective
Time.
(d) Buyer
shall transfer operations of the Assets to Buyer, or Buyer’s contract
operator.
(e) Seller
shall deliver to Buyer copies of the Records.
8. EXCEPT
AS EXPRESSLY STATED IN THIS AGREEMENT AND THE ASSIGNMENT, THIS AGREEMENT IS MADE
WITHOUT ANY OTHER WARRANTIES OR COVENANTS, EXPRESSED OR IMPLIED IN FACT OR IN
LAW, AS TO TITLE, MERCHANTABILITY, DURABILITY, USE, OPERATION, OR FITNESS FOR
ANY PARTICULAR PURPOSE, AND SELLER DOES NOT IN ANY WAY REPRESENT OR WARRANT THE
ACCURACY OR COMPLETENESS OF ANY INFORMATION, DATA OR OTHER MATERIALS (WRITTEN OR
ORAL) FURNISHED TO BUYER BY OR ON BEHALF OF SELLER. BUYER HEREBY AGREES THAT IT
HAS INSPECTED OR HAS BEEN GIVEN THE OPPORTUNITY TO INSPECT THE ASSETS, INCLUDING
THE LEASES AND ASSOCIATED AGREEMENTS, WELLS, PERSONAL PROPERTY, AND EQUIPMENT
ASSIGNED AND CONVEYED HEREIN AND, EXCEPT AS EXPRESSLY STATED IN THIS AGREEMENT
AND THE ASSIGNMENT, BUYER ACCEPTS THE SAME “AS IS, WHERE IS” AND “WITH ALL
FAULTS.”
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9. All
production, severance, excise, ad valorem, property and other taxes (other than
income taxes) relating to ownership or production of oil, gas and condensate
attributable to the Assets prior to December 1, 2009 shall be paid by Seller,
and all such taxes relating to such production on or after December 1, 2009
shall be paid by Buyer. Buyer shall be responsible for any and all state and
local taxes or fees imposed on the transfer of the Assets.
10. Seller
and Buyer shall use their commercially reasonable efforts in good faith to
obtain all of the consents or waivers of preferential rights, if any, that are
required to be obtained with respect to the transfer of the Assets to
Buyer.
11. The Omega
Prospect Leases and the Comanche Prospect Leases shall each be subject to and
burdened by a separate operating agreement (the “Operating Agreement”)
in the form of the A.A.P.L. Form 610-1989 Model Form Operating Agreement. The
Operating Agreement shall govern and control all operations conducted upon the
Land. Pursuant to the terms of the Operating Agreement, Buyer, or Buyer’s
contract operator, shall be the Operator; except with regard to the Omega
Prospect Lease and the Comanche Prospect Leases, Seller shall remain as Operator
until the first well located on such prospect is drilled, and then Buyer, or
Buyer’s contract operator shall be Operator thereafter. The Operating Agreement
shall provide a non-consent penalty equal to four hundred percent (400%) for
drilling and one hundred percent (100%) for surface equipment. Pursuant to the
Operating Agreement, the COPAS overhead rate for drilling a well shall be equal
to $5,000.00 per month, and for operating a well shall be equal to $500.00 per
month. If Buyer fails to commence the drilling of a well in the
Comanche Prosect Leases by July 1, 2010, Buyer shall reassign to Seller the
Comanche Prospect Leases. If the Buyer fails to commence the drilling
of a well in the Omega Prospect Leases by July 1, 2010, Buyer shall reassign to
Seller the Omega Prospect Leases. All reassignments to Seller shall
have the same interests as when received, acquired or assigned to Buyer with no
additional burdens or encumbrances of any kind whatsoever.
12. If Buyer
fails to pay Seller the Purchase Price on or before January 29, 2010, Seller
shall have the right to terminate this Agreement by written notice delivered to
Buyer on or before January 29, 2010. If Seller elects to terminate this
Agreement hereunder, Buyer shall promptly reassign to Seller the Assets, with a
special warranty of title by, through and under Buyer, but not otherwise, and
this Agreement shall terminate.
13. All
exhibits attached to this Agreement are hereby incorporated by reference herein
and made a part hereof for all purposes as if set forth in their entirety
herein. This Agreement, including the exhibits attached hereto, constitutes the
entire agreement between the Parties as to the subject matter of this Agreement
and supersedes all prior agreements, understandings, negotiations and
discussions of the Parties, whether oral or written. No supplement, amendment,
alteration, modification or waiver of this Agreement shall be binding unless
executed in writing by the Parties. All other drafts whether written or oral of
this Agreement are rescinded and this Agreement supersedes any prior draft of
this Agreement whether written or oral, including all previous letters or emails
rescinding or cancelling the selling and buying of the Assets.
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14. The
rights of Seller and Buyer may be assigned and the provisions of this Agreement
shall extend to their successors and assigns, provided, however, no assignment
shall relieve successors or assigns of its obligations under this
Agreement.
15. This
Agreement shall be governed and construed in accordance with the laws of the
State of Colorado. In the event of any dispute arising out of or relating to
this Agreement, the prevailing Party shall be entitled to recover from the other
Party court costs and reasonable attorneys’ fees.
16. Any
notice required or permitted by this Agreement shall be given in writing by
personal service, overnight delivery service, e-mail, facsimile or by certified
mail, return receipt requested, postage prepaid, as follows:
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If
to Seller:
Edward
Mike Davis, LLC
**************
**************
Attention: Edward
Mike Davis
Fax: **********
E-Mail: **********
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If
to Buyer
Recovery
Energy, Inc.
**************
**************
Attention:
Jeffrey Beunier, President
Fax: **********
E-Mail: **********
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With a copy to:
Jeff
Knetsch
Brownstein
Hyatt Farber Schreck, LLP
*************
*************
Fax:
*************
E-Mail:
**********
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(or such
other address as designated in writing by either Party to the other) and shall
be deemed to have been given as of the date of receipt by the intended
Party.
17. The
Parties agree to execute, acknowledge and deliver such additional instruments,
agreements or other documents, and take such other action as may be necessary or
advisable to consummate the transactions contemplated by this Agreement. The
Parties acknowledge that they and their respective counsel have negotiated and
drafted this Agreement jointly and agree that the rule of construction that
ambiguities are to be resolved against the drafting party shall not be employed
in the interpretation or construction of this Agreement.
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18. This
Agreement may be executed in counterparts, and each such counterpart shall be
deemed to be an original instrument, but all such counterparts together shall
constitute for all purposes one agreement. Facsimiles and electronic
copies of this Agreement shall be effective as originals.
IN
WITNESS WHEREOF, Buyer and Seller have executed and delivered this Agreement on
the dates below the signatures hereto, to be effective for all purposes as of
the Effective Time.
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SELLER:
Edward
Mike Davis, L.L.C.
By: /s/ Edward Mike
Davis
Edward
Mike Davis, Manager
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BUYER:
Recovery
Energy, Inc.
By: /s/ Jeffrey
Beunier
Jeffrey
Beunier, President
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EXHIBIT
A
Attached
to and made a part of that certain Purchase and Sale Agreement
dated
effective January 1, 2010
between
Edward Mike Davis, L.L.C. and Recovery Energy, Inc.
WILKE (DILL EAST FIELD)
LEASES and LANDS:
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Lessor:
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Gary
L. Schneider, Individually and as heir of Maxine Schneider,
deceased
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||
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Lessee:
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Edward
Mike Davis, L.L.C.
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||
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Dated:
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May
20, 2008
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||
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Recorded:
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Book
206 OG, Page 44 in Kimball County, Nebraska
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||
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Description:
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Township 15 North, Range 56
West
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||
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Section
5: S/2
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|||
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Lessor:
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Peggy
Atkins and Howard Atkins, wife and husband
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||
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Lessee:
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Edward
Mike Davis, L.L.C.
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||
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Dated:
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May
20, 2008
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||
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Recorded:
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Book
206 OG, Page 48 in Kimball County, Nebraska
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||
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Description:
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Township 15 North, Range 56
West
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||
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Section
5: S/2
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|||
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Lessor:
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Galeen
B. Hergenrader and Kenneth Hergenrader, wife and
husband
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||
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Lessee:
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Edward
Mike Davis, L.L.C.
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||
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Dated:
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May
16, 2008
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||
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Recorded:
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Book
206 OG, Page 52 in Kimball County, Nebraska
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||
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Description:
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Township 15 North, Range 56
West
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||
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Section
5: S/2
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|||
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Lessor:
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Paula
Wilke, a/k/a Paula J. Wilke and Erwin Wilke, Jr., wife and
husband
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||
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Lessee:
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Edward
Mike Davis, L.L.C.
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||
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Dated:
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June
26, 2008
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||
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Recorded:
|
Book
206 OG, Page 132 in Kimball County, Nebraska
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||
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Description:
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Township 15 North, Range 56
West
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||
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Section
5: S/2
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|||
| Amendment of Oil and Gas Dated: July 9, 2008 | |||
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Recorded:
|
Book
206 OG, Page 221 in Kimball County, Nebraska
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||
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Description:
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Township 15 North, Range 56
West
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||
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Section
5: S/2
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|||
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WILKE (DILL EAST FIELD)
WELLS
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|||
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Well
Name:
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Wilke
24-5
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||
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Located:
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SE/4SW/4
of Section 5, T15N-R56W, Kimball County, NE
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||
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API: 26105226270000
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Working
Interest: 87.50%
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Net
Revenue Interest: 70.00%
|
|
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Equipment
and Inventory: consisting of a pumping unit, rods, tubing and
casing
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|||
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Well
Name:
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Wilke
23-5
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||
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Located:
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NE/4SW/4
of Section 5, T15N-R56W, Kimball County, NE
|
||
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API: 26105226250000
|
|||
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Equipment
and Inventory: consisting of a pumping unit, rods, tubing and
casing
|
|||
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Well
Name:
|
Wilke
34-5
|
||
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Located:
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SW/4SE/4
of Section 5, T15N-R56W, Kimball County, NE
|
||
|
API: 26105226290000
|
Working
Interest: 87.50%
|
Net
Revenue Interest: 70.00%
|
|
|
Equipment
and Inventory: consisting of a pumping unit, rods, tubing and
casing
|
|||
|
Well
Name:
|
Wilke
33-5
|
||
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Located:
|
NW/4SE/4
of Section 5, T15N-R56W, Kimball County, NE
|
||
|
API: 26105226280000
|
Working
Interest: 87.50%
|
Net
Revenue Interest: 70.00%
|
|
|
Equipment
and Inventory: consisting of a pumping unit, rods, tubing and
casing
|
|||
|
Well
Name:
|
Wilke
44-5
|
||
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Located:
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SE/4SE/4
of Section 5, T15N-R56W, Kimball County, NE
|
||
|
API: 26105226320000
|
Working
Interest: 87.50%
|
Net
Revenue Interest: 70.00%
|
|
|
Equipment
and Inventory: consisting of a pumping unit, rods, tubing and
casing
|
|||
|
Well
Name:
|
Wilke
14-5
|
||
|
Located:
|
SW/4SW/4
of Section 5, T15N-R56W, Kimball County, NE
|
||
|
API: 26105226520000
|
Working
Interest: 87.50%
|
Net
Revenue Interest: 70.00%
|
|
|
Equipment
and Inventory: consisting of a pumping unit, rods, tubing and
casing
|
|||
|
Wilke
Tank Battery consisting of 8 400 bbl tanks and an 8 foot
treater.
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|||
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LUKASSEN LEASES and
LANDS:
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|||
|
Lessor:
|
Antelope
Energy Company, LLC, a Colorado limited liability
company
|
||
|
Lessee:
|
Edward
Mike Davis, L.L.C.
|
||
|
Dated:
|
4-Aug-08
|
||
|
Recorded:
|
Book
206 OG, Page 647 in Kimball County, Nebraska
|
||
|
Covering:
|
INSOFAR
AND ONLY INSOFAR AS THE LEASE COVERS:
|
||
| TOWNSHIP 16 NORTH, RANGE 56 WEST, 6th P.M. | |||
|
Section
34: S/2SW/4SW/4
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|||
|
Lessor:
|
Marian
J. Payne, a single woman
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||
|
Lessee:
|
Edward
Mike Davis, L.L.C.
|
||
|
Dated:
|
25-Jul-08
|
||
|
Recorded:
|
Book
206 OG, Page 487 in Kimball County, Nebraska
|
||
| Correction of Description Recorded: Book 207, Page 354 in Kimball County, Nebraska | |||
|
Covering:
|
INSOFAR
AND ONLY INSOFAR AS THE LEASE COVERS:
|
||
|
TOWNSHIP
15 NORTH, RANGE 56 WEST, 6th P.M.
|
|||
|
Section
3: N/2 of Lot 4, also described as
N/2NW/4NW/4
|
|||
|
Lessor:
|
Judith
Ann Mays, a married woman dealing in her sole and separate
property
|
||
|
Lessee:
|
Edward
Mike Davis, L.L.C.
|
||
|
Dated:
|
July 25,
2008
|
||
|
Recorded:
|
Book
207 OG, Page 16 in Kimball County, Nebraska
|
||
| Correction of Description Recorded: Book 207, Page 356 in Kimball County, Nebraska | |||
|
Covering:
|
INSOFAR
AND ONLY INSOFAR AS THE LEASE COVERS:
|
||
|
TOWNSHIP 15 NORTH, RANGE 56 WEST, 6th P.M.
|
|||
|
Section
3: N/2 of Lot 4, also described as
N/2NW/4NW/4
|
|||
|
Lessor:
|
William
O. Smith a/k/a William Otis Smith and Rita Marie Smith, husband and
wife
|
||
|
Lessee:
|
Edward
Mike Davis, L.L.C.
|
||
|
Dated:
|
May
16, 2008
|
||
|
Recorded:
|
Book
206 OG, Page 33 in Kimball County, Nebraska
|
||
| Correction of Description Recorded: Book 207, Page 352 in Kimball County, Nebraska | |||
|
Covering:
|
INSOFAR
AND ONLY INSOFAR AS THE LEASE COVERS:
|
||
|
TOWNSHIP 15 NORTH, RANGE 56 WEST, 6th P.M.
|
|||
|
Section
3: N/2 of Lot 4, also described as
N/2NW/4NW/4
|
|||
|
Lessor:
|
Rita
J. Bingaman f/k/a Rita Jeanne Smith and Gary P. Bingaman, wife and
husband
|
||
|
Lessee:
|
Edward
Mike Davis, L.L.C.
|
||
|
Dated:
|
May
16, 2008
|
||
|
Recorded:
|
Book
206 OG, Page 29 in Kimball County, Nebraska
|
||
| Correction of Description Recorded: Book 207, Page 350 in Kimball County, Nebraska | |||
|
Covering:
|
INSOFAR
AND ONLY INSOFAR AS THE LEASE COVERS:
|
||
|
TOWNSHIP 15 NORTH, RANGE 56 WEST, 6th P.M.
|
|||
|
Section
3: N/2 of Lot 4, also described as
N/2NW/4NW/4
|
|||
|
Lessor:
|
Mary
L. Soper, individually and as Trustee of the Ronald R. Soper Family Trust,
dated October 4, 1995
|
||
|
Lessee:
|
Edward
Mike Davis, L.L.C.
|
||
|
Dated:
|
July
15, 2009
|
||
|
Recorded:
|
Book
208 OG, Page 760 in Kimball County, Nebraska
|
||
|
Covering:
|
INSOFAR
AND ONLY INSOFAR AS THE LEASE COVERS:
|
||
|
TOWNSHIP 15 NORTH, RANGE 56 WEST, 6th P.M.
|
|||
|
Section
3: N/2 of Lot 4, also described as
N/2NW/4NW/4
|
|||
|
Lessor:
|
Steven
Knigge, a single man
|
||
|
Lessee:
|
Edward
Mike Davis, L.L.C.
|
||
|
Dated:
|
July
15, 2009
|
||
|
Recorded:
|
Book
208 OG, Page 763 in Kimball County, Nebraska
|
||
|
Covering:
|
INSOFAR
AND ONLY INSOFAR AS THE LEASE COVERS:
|
||
|
TOWNSHIP 15 NORTH, RANGE 56 WEST, 6th P.M.
|
|||
|
Section
3: N/2 of Lot 4, also described as
N/2NW/4NW/4
|
|||
|
Lessor:
|
Linda
McDowall, f.k.a. Linda Wilson, a single woman
|
||
|
Lessee:
|
Edward
Mike Davis, L.L.C.
|
||
|
Dated:
|
July
15, 2009
|
||
|
Recorded:
|
Book
208 OG, Page 766 in Kimball County, Nebraska
|
||
|
Covering:
|
INSOFAR
AND ONLY INSOFAR AS THE LEASE COVERS:
|
||
|
TOWNSHIP 15 NORTH, RANGE 56 WEST, 6th P.M.
|
|||
|
Section
3: N/2 of Lot 4, also described as
N/2NW/4NW/4
|
|||
|
Lessor:
|
Marla
Knigge,f.k.a. Marla Teasley, a single woman
|
||
|
Lessee:
|
Edward
Mike Davis, L.L.C.
|
||
|
Dated:
|
July
15, 2009
|
||
|
Recorded:
|
Book
208 OG, Page 769 in Kimball County, Nebraska
|
||
|
Covering:
|
INSOFAR
AND ONLY INSOFAR AS THE LEASE COVERS:
|
||
|
TOWNSHIP 15 NORTH, RANGE 56 WEST, 6th P.M.
|
|||
|
Section
3: N/2 of Lot 4, also described as
N/2NW/4NW/4
|
|||
|
LUKASSEN WELL
|
|||
|
Well
Name:
|
Lukassen
14-34
|
||
|
Located:
|
S/2SW/4SW/4
of Section 34, T16N-R56W, Kimball County, NE
|
||
|
API: 26105226450000
|
Working
Interest: 100.00%
|
Net
Revenue Interest: 80.00%
|
|
|
Equipment
and Inventory: consisting of a pumping unit, rods, tubing and
casing
|
|||
|
Lukassen
Tank Battery consisting of 3 – 400 bbl tanks and a 4 foot
treater
|
|||
|
PIEPER LEASE and LANDS:
|
|||
|
Lessor:
|
Dean
Reed and Beaulah Reed, husband and wife
|
||
|
Lessee:
|
King
Resources Company
|
||
|
Dated:
|
August
10, 1966
|
||
|
Recorded:
|
Book
583, Page 71 in Washington County, Colorado
|
||
|
Description:
|
Township 1 North, Range 53
West
|
||
|
Section
29: NE/4
|
|||
|
PIEPER WELL
|
|||
|
Well
Name:
|
Pieper
#3-29
|
||
|
Located:
|
NE/4
of Section 29, T1N-R53W, Washington County, CO
|
||
|
API: 05-121-08367
|
Working
Interest: 100.00%
|
||
|
Equipment
and Inventory: consisting of a pumping unit, rods, tubing and
casing
|
|||
|
Pieper
Tank Battery consisting of 2 – PR&R 500 bolted bbl tanks and a 6 X 20
vertical inside leg cold weather treater
|
|||
|
OMEGA PROSPECT LEASES and
LANDS:
|
|||
|
Lessor:
|
Katharine
E. Nelson,, Individually and as Trustee of the Katharine E. Nelson Living
Trust, dated 5-19-2003
|
||
|
Lessee:
|
Edward
Mike Davis, L.L.C.
|
||
|
Dated:
|
September
20, 2008
|
||
|
Recorded:
|
Book
131 OG, Page 455, in Banner County, Nebraska
|
||
|
Description:
|
Township 17 North, Range 55 West, 6th P.M.
|
||
|
Section
11: NE, S2
|
|||
|
Lessor:
|
Ruth
L. Pile, individually and as Trustee of the Ruth L. Pile Revocable Trust,
dated 6-26-1998
|
||
|
Lessee:
|
Edward
Mike Davis, L.L.C.
|
||
|
Dated:
|
October
9, 2008
|
||
|
Recorded:
|
Book
131 OG, Page 459, in Banner County, Nebraska
|
||
|
Description:
|
Township 17 North, Range 55 West, 6th P.M.
|
||
|
Section
12: W/2
|
|||
|
COMANCHE FARMS PROSPECT LEASES and
LANDS:
|
|||
|
Lessor:
|
State
of Colorado Lease # OG 8056.4
State
Board of Land Commissioners
|
||
|
Lessee:
|
Contex
Energy Company
|
||
|
Dated:
|
August
19, 2004
|
||
|
Recorded:
|
Reception
Number B 4199551, in Arapahoe County, Colorado
|
||
|
Description:
|
Township 4 South, Range 62 West, 6th P.M.
|
||
|
Section
36: ALL
|
|||