| 1.     | LOCATION OF WELL      #1                 |
|--------|------------------------------------------|
|   | Well name and      Number:               | J.L. Blaydes     Well#1 |
|   |                                     |   |   |   |   |   |
|   | Parish/County:                           | Metcalfe | State: | Kentucky | Field Name: |   |
|   |                                     |   |   |   |   |   |
|   | Well location and      land description: | East      Fork USGS Quadrangle 160 acres |   |   |   |   |

|   | LOCATION OF WELL      #2                 |
|--------|------------------------------------------|
|   | Well name and      Number:               | J.L. Blaydes     Well#2 |
|   |                                     |   |   |   |   |   |
|   | Parish/County:                           | Metcalfe | State: | Kentucky | Field Name: |   |
|   |                                     |   |   |   |   |   |
|   | Well location and      land description: | East      Fork USGS Quadrangle 160 acres |   |   |   |   |

|   | LOCATION OF WELL      #3                 |
|--------|------------------------------------------|
|   | Well name and      Number:               | J.L. Blaydes     Well#3 |
|   |                                     |   |   |   |   |   |
|   | Parish/County:                           | Metcalfe | State: | Kentucky | Field Name: |   |
|   |                                     |   |   |   |   |   |
|   | Well location and      land description: | East      Fork USGS Quadrangle 160 acres |   |   |   |   |

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|   | LOCATION OF WELL      #4                 |
|--------|------------------------------------------|
|   | Well name and      Number:               | J.L. Blaydes     Well#4 |
|   |                                     |   |   |   |   |   |
|   | Parish/County:                           | Metcalfe | State: | Kentucky | Field Name: |   |
|   |                                     |   |   |   |   |   |
|   | Well location and      land description: | East      Fork USGS Quadrangle 160 acres |   |   |   |   |

|   | LOCATION OF WELL      #5                 |
|--------|------------------------------------------|
|   | Well name and      Number:               | J.L. Blaydes     Well#5 |
|   |                                     |   |   |   |   |   |
|   | Parish/County:                           | Metcalfe | State: | Kentucky | Field Name: |   |
|   |                                     |   |   |   |   |   |
|   | Well location and      land description: | East      Fork USGS Quadrangle 160 acres |   |   |   |   |

| 2.  | COMMENCEMENT      DATE: |
|----------|-------------------------|

| 3.  | DEPTH |
|----------|-------|

| 4. | TURNKEY      AMOUNT, REIMBURSABLE COSTS TOCONTRACTOR: |
|----|-------------------------------------------------------|

*

*

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| 5.  | TIME      OF PAYMENT: |
|----------|-----------------------|

| 6.  | TURNKEY      COMMITMENTS AND LIABILITY: |
|----------|-----------------------------------------|

|        6.1   | Upon      completion by Contractor of all operations to be performed by it under the      Turnkey Basis, Contractor shall notify Operator of such completion by      noting the date and hour of such completion upon the daily drilling report      form required by Subparagraph 7.1 hereof. No later than twenty-four (24)      hours after Operator's receipt of such notification, Operator shall advise      Contractor in writing of any objections it may have with respect to      Contractor's performance hereunder Operator's failure to so object to      Contractor's performance within the specified period shall be conclusive      proof of Operator's acceptance of the well and Contractor's performance      hereunder. |
|-----------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|        6.2   | In connection      with the work to be performed hereunder, Contractor shall carry Workman’s      Compensation Insurance to fully comply with the laws of said state in      which such work is to be performed and shall comply with all applicable      environmental laws. Contractor shall contain all fuel or oil spills      associated with the drilling of this well or wells. Location shall be kept      clean and Contractor shall require hard hats and steel-toe boots of its      employees. Contractor shall not allow smoking or use of flammable      equipment within 150 feet of well during drilling, cementing, or logging      operations. Contractor shall not allow any unauthorized personnel nor      knowingly allow anyone to use illegal drugs or alcohol on the      premises. |
|-----------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|        6.3   | Contractor      agrees to pay all valid claims for labor, material, services, and supplies      to be furnished to Contractor hereunder, and agrees to allow no lien by      such third parties to be fixed upon the lease, the well, or other property      of Operator or the land upon which said well(s) is  located. |
|------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|        6.4   | Upon      acceptance of the work by Operator pursuant to Subparagraph 6.1      hereinabove, all risk of loss with respect to the well(s) drilled      hereunder and goods and services provided by Contractor shall pass to      Operator.  Contractor shall have no liability for any defects in      such completed operations. Notwithstanding anything else contained herein      to the contrary, Operator accepts all material, supplies, equipment and      services furnished or performed by Contractor as is and where      is.  CONTRACTOR      MAKES NO WARRANTY, EXPRESSED OR IMPLIED, AS TO THE MERCHANTABILITY, OR      FITNESS OF ANY MATERIALS, SUPPLIES OR EQUIPMENT FOR ANY PURPOSE. NO      WARRANTY OF GOOD AND WORKMANLIKE PERFORMANCE IS GIVEN BY THE CONTRACTOR BY      VIRTUE OF THIS CONTRACT FOR ANY PERFORMANCE ACCEPTED BY      OPERATOR |
|------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.  | REPORTS      TO BE FURNISHED BY CONTRACTOR: |
|----------|---------------------------------------------|

|        7.1   | Contractor      shall keep and furnish to Operator an accurate report of the work      performed and formations drilled on the IADC-API Daily Drilling Report or      other form acceptable to Operator.  A legible copy of said form      shall be furnished by Contractor to Operator via e-mail at      wa@adventureenergy.com or via fax at      815-846-0755. |
|-----------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|        7.2   | Delivery      tickets, if requested by Operator, covering any material or supplies      furnished by Operator shall be turned in each day with the daily drilling      report.  The quantity and description of materials and supplies      so furnished shall be checked byContactor. |
|-----------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.  | INGRESS      AND EGRESS TO LOCATI0N: |
|----------|--------------------------------------|

| 9. | INDEPENDENT      CONTRACTOR RELATIONSHIP AND OPERATOR'S  REPRESENTATIVE: |
|----|--------------------------------------------------------------------------|

|        9.1   | In      the performance of the work herein contemplated.  Contractor is      an Independent Contractor, with the authority to control and direct the      performance of the details of the work, Operator being only interested in      the final results obtained.  The work shall meet the approval of      Operator and be subject to the right of inspection and supervision herein      provided.  Operator shall not unreasonably withhold approval of      all such work, when performed by Contractor in accordance with the      generally accepted practices and methods customary in the      industry. |
|-----------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|        9.2   | Operator      shall be privileged to designate a representative or representatives who      shall at all time have access to the premises for the purpose of observing      tests or inspecting the work of Contractor.   Such      representative or representatives shall be empowered to act for Operator      in all matters relating to the work herein undertaken and Contractor shall      be entitled to rely on the orders and directions issued by such      representative or representatives as being those of    Operator. |
|------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.  | NO      WAIVER EXCEPT IN WRITING: |
|-----------|-----------------------------------|

| 11. | INFORMATION      CONFIDENTIAL: |
|-----|--------------------------------|

----

| 12.  | ENTIRE      AGREEMENT: |
|-----------|------------------------|

|   | OPERATOR: | Adventure      Energy, Inc. |   |
|--------|-----------|-----------------------------|--------|

|   | By:    | /s/ Wayne      Anderson |   |
|--------|--------|------------------------------|--------|
|   |   |                         |   |
|   | Title: | President          |   |
|   |   |                         |   |
|   | Date:  | March 16, 2009               |   |

|   | OPERATOR: | Rebell Oil of KY LLC. |   |
|--------|-----------|-----------------------|--------|

|   | By:    | /s/ Ricky      Bell  |   |
|--------|--------|--------------------------------|--------|
|   |   |                           |   |
|   | Title: | President      – Owner   |   |
|   |   |                           |   |
|   | Date:  | March 10, 2009                 |   |

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