SECURITIES AND EXCHANGE COMMISSION

| Nevada                                            | 0-7246                      | 95-2636730                           |
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| State      or Other Jurisdiction of Incorporation | Commission      File Number | IRS      Employer Identification No. |

|   | [ ]      Written communications pursuant to Rule 425 under Securities Act (17 CFR      230.425) |
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|   | [ ]      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR      240.14a-12) |
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|   | [ ]      Pre-commencement communications pursuant to Rule 14d-2(b) under the      Exchange Act (17 CFR 240.14d-2(b)) |
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|   | [ ]      Pre-commencement communications pursuant to Rule 13e-4(c) under the      Exchange Act (17 CFR 240.13e-4(c)) |
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| ·   | Extensions.  The      term of his agreement will be extended for an additional twelve months      beginning on December 31, 2008 and on each successive December 31, unless      either party provides the other party with at least thirty days’ prior      written notice, or unless the agreement has otherwise been terminated in      accordance with its terms.  Upon a change of control, as      defined, the agreement will automatically be extended for an additional      twenty-four months after the date of the change of  control. |
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| ·   | Minimum Stock      Ownership.  Under the Company’s stock ownership policy      for executive officers, Mr. McCullough is required to own by the fifth      anniversary of the effective date of his employment (November 13, 2006)      and maintain until his date of termination Company stock equal in value to      three times his base salary. |
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| ·   | Base      Salary.  Mr. McCullough will receive an annual base      salary of $340,000.  The Compensation Committee will review his      base salary annually. |
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| ·   | Performance      Bonus.  In addition to his base salary, Mr. McCullough      will be entitled to earn an annual performance bonus as determined by the      Compensation Committee.  For 2008, the “target bonus” will be      equal to 90% of his base salary.  Depending upon Mr.      McCullough’s performance, the bonus may be less or more than the target      bonus, but not to exceed 180% of his base  salary. |
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| ·   | Recoupment of      Compensation.  If the Company must restate all or a      portion of its financial statements due to the material non-compliance by      the Company with any financial reporting requirement under the securities      laws, the agreement requires Mr. McCullough to reimburse the Company, with      respect to the affected years, for any excess bonus paid to him under the      agreement.  The reimbursements will equal the difference between      the bonus paid to Mr. McCullough for the affected years and the bonus that      would have been paid to him had the financial results been properly      reported. |
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| ·   | Retirement      Compensation.  Mr. McCullough’s retirement compensation      will be the same as was disclosed in the Company’s proxy statement for its      annual meeting of shareholders held on June 23,  2008. |
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| ·   | Equity Compensation      Grant.  As of the effective date of the agreement, Mr.      McCullough received an award equal in value to $510,000, of which 50% is      in the form of restricted stock (5,056 shares) and 50% of which is in the      form of performance shares (8,291 shares) under the Company’s Long-Term      Equity Compensation Plan (the plan being referred to herein as “LTECP”;      and the performance shares being referred to as “LTIP      shares”).  The value of these restricted and LTIP shares was      determined by the Company’s compensation consultants and is based on the      average closing price of the Company’s stock for the month of December      2007.  The restricted stock will vest at the rate of 25% for      each complete year worked by Mr. McCullough under his employment      agreement, beginning on March 7, 2008, and vesting at the rate of 25% on      each successive March 7th.  The      LTIP shares will vest, if at all, only if they satisfy both the timing and      performance targets established by the Compensation Committee in the LTIP      shares documentation. |
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| ·   | Succession-Related      Grant.  On June 23, 2008, the date that Mr. McCullough      assumed the position of CEO, he received a one-time award of restricted      stock equal in value to $700,000.  The value of these restricted      shares (13,878 shares) was determined by the Company’s compensation      consultants and is based on the average closing price of the Company’s      stock for the month of December 2007.  The restricted stock will      vest at the rate of 20% for each complete year worked by Mr. McCullough      under his employment agreement, beginning on January 1,    2008. |
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| ·   | Life      Insurance.  The Company will reimburse Mr. McCullough for      the cost of a $1 million life insurance policy, with a person named by him      as owner or beneficiary. |
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| ·   | Automobile      Allowance.  During the term of his agreement, Mr.      McCullough will be entitled to the use of a Company automobile or payment      of a car allowance. |
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| ·   | Restrictive      Covenants.  Mr. McCullough will be bound by his      employment agreement’s provisions regarding the non-disclosure and return      of confidential information; no solicitation of Company employees; and      non-competition with the Company during the term of the agreement and for      one year thereafter. |
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| ·   | Termination of the      Agreement.  Termination of the agreement results in      various payments to Mr. McCullough, depending upon the nature of      termination, as summarized below: |
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| o   | Termination by the      Company for Just Cause.  Upon termination by the Company      for Just Cause, as defined, the Company will pay Mr. McCullough his base      salary through the date of termination; plus any bonus accrued but not      paid; and any incentive, deferred, or other compensation and any other      benefits which have been earned or have become payable as of the date of      termination. |
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| o   | Termination upon Death      or Disability.  Upon termination of the agreement because      of death or disability, the Company will pay to Mr. McCullough or his      estate his base salary which would have been earned for six months      following the date of termination plus any performance bonus earned by him      prorated for the period up to the date of  termination. |
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| o   | Termination by the      Company Without Just Cause; by Mr. McCullough for Good Reason; or by Mr.      McCullough Following a Change of Control.  If the      agreement is terminated by the Company Without Just Cause; by Mr.      McCullough for Good Reason; or by Mr. McCullough following a Change of      Control, each as defined in the agreement, the Company    will: |
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| §   | pay      to Mr. McCullough a lump sum severance payment equal to three times the      sum of (x) his highest base salary during the previous two years of      employment immediately preceding the date of termination, plus (y) the      highest bonus paid or payable to him for a year within the same two year      period;  the agreement further provides that if a change of      control occurs before March 15, 2009, then the “highest bonus” calculation      will equal the maximum performance bonus in effect for 2008 (180% of Mr.      McCullough’s base salary); |
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| §   | pay      any unpaid expense reimbursement; |
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| §   | immediately      vest any unvested Company stock options and restricted stock (excluding      all LTIP shares); |
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| §   | pay      any deferred income or retirement compensation and any other benefit      payments due under this or other agreements or  plans; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| §   | make      any other payments or provide any benefits earned under this or other      employment agreement or plan, including the LTIP shares;    and |
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| §   | continue      coverage under the Company’s health plans at the Company’s cost for the      lesser of 18 months or such period that Mr. McCullough is eligible to      participate in another employer’s healthplan. |
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| o   | Termination by Mr.      McCullough for other than Good Reason.  Upon termination      of the agreement by Mr. McCullough for other than Good Reason, the Company      will pay him, within thirty days following the date of termination, a lump      sum equal to his base salary and bonus earned through the date of      termination, except if termination occurs prior to March 31 of the year of      termination, he will not be entitled to a prorated bonus for that year;      any incentive, deferred or other compensation earned or which has become      payable under the terms of any agreement or compensation or benefit plan,      which has not been paid; any unpaid expense reimbursement; and any other      payments for benefits earned but not paid under this or any other      employment agreement or plan. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Extensions.  The      term of his agreement will be extended for an additional twelve months      beginning on December 31, 2008 and on each successive December 31, unless      either party provides the other party with at least thirty days’ prior      written notice, or unless the agreement has otherwise been terminated in      accordance with its terms.  Upon a change of control, as      defined, the agreement will automatically be extended for an additional      twenty-four months after the date of the change of  control. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Minimum Stock      Ownership.  Under the Company’s stock ownership policy      for executive officers, Mr. Stearns is required to own by the fifth      anniversary of the effective date of the executive stock ownership policy      (March 9, 2004) and maintain until his date of termination Company stock      equal in value to two times his basesalary. |
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| ·   | Base      Salary.  Mr. Stearns will receive an annual base salary      of $305,000.  The Compensation Committee will review his base      salary annually. |
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| ·   | Performance      Bonus.  In addition to his base salary, Mr. Stearns will      be entitled to earn an annual performance bonus as determined by the      Compensation Committee.  For 2008, the “target bonus” will be      equal to 62.5% of his base salary.  Depending upon Mr. Stearns’      performance, the bonus may be less or more than the target bonus, but not      to exceed 125% of his base salary. |
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| ·   | Recoupment of      Compensation.  If the Company must restate all or a      portion of its financial statements due to the material non-compliance by      the Company with any financial reporting requirement under the securities      laws, the agreement requires Mr. Stearns to reimburse the Company, with      respect to the affected years, for any excess bonus paid to him under the      agreement.  The reimbursements will equal the difference between      the bonus paid to Mr. Stearns for the affected years and the bonus that      would have been paid to him had the financial results been properly      reported. |
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| ·   | Retirement      Compensation.  Mr. Stearns’ retirement compensation will      be the same as was disclosed in the Company’s proxy statement for its      annual meeting of shareholders held on June 23,  2008. |
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| ·   | Equity Compensation      Grant.  As of the effective date of the agreement, Mr.      Stearns received an award equal in value to $442,250, of which 50% is in      the form of restricted stock (4,384 shares) and 50% of which is in the      form of LTIP shares (7,189 shares).  The value of these      restricted and LTIP shares was determined by the Company’s compensation      consultants and is based on the average closing price of the Company’s      stock for the month of December 2007.  The restricted stock will      vest at the rate of 25% for each complete year worked by Mr. Stearns under      his employment agreement, beginning on March 7, 2008, and vesting 25% on      each successive March 7th.  The      LTIP shares will vest, if at all, only if they satisfy both the timing and      performance targets established by the Compensation Committee in the LTIP      shares documentation. |
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| ·   | Succession-Related      Grant.  On the date that Mr. Stearns assumed the position      of Executive Vice President, March 9, 2008, he received a one-time award      of restricted stock equal in value to $450,000 .  The value of      these restricted shares (8,921 shares) was determined by the Company’s      compensation consultants and is based on the average closing price of the      Company’s stock for the month of December 2007.  The restricted      stock will vest at the rate of 20% for each complete year worked by Mr.      Stearns under his employment agreement, beginning on January 1,      2008. |
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| ·   | Life      Insurance.  The Company will reimburse Mr. Stearns for      the cost of a $1 million life insurance policy, with a person named by him      as owner or beneficiary. |
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| ·   | Automobile      Allowance.  During the term of his agreement, Mr. Stearns      will be entitled to the use of a Company automobile or payment of a car      allowance. |
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| ·   | Restrictive      Covenants.  Mr. Stearns will be bound by his employment      agreement’s provisions regarding the non-disclosure and return of      confidential information; no solicitation of Company employees; and      non-competition with the Company during the term of the agreement and for      one year thereafter. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Termination of the      Agreement.  Termination of the agreement results in      various payments to Mr. Stearns, depending upon the nature of termination,      as summarized below: |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination by the      Company for Just Cause.  Upon termination by the Company      for Just Cause, as defined, the Company will pay Mr. Stearns his base      salary through the date of termination; plus any bonus accrued but not      paid; and any incentive, deferred, or other compensation and any other      benefits which have been earned or have become payable as of the date of      termination. |
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| o   | Termination upon Death      or Disability.  Upon termination of the agreement because      of death or disability, the Company will pay to Mr. Stearns or his estate      his base salary which would have been earned for six months following the      date of termination plus any performance bonus earned by him prorated for      the period up to the date oftermination. |
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| o   | Termination by the      Company Without Just Cause; by Mr. Stearns for Good Reason; or by Mr.      Stearns Following a Change of Control.  If the agreement      is terminated by the Company Without Just Cause; by Mr. Stearns for Good      Reason, provided that his employment terminates within two years after the      occurrence of a Good Reason event; or by Mr. Stearns following a Change of      Control, each as defined in the agreement, the Company    will: |
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| §   | pay      to Mr. Stearns a lump sum severance payment equal to three times the sum      of (x) his highest base salary during the previous two years of employment      immediately preceding the date of termination, plus (y) the highest bonus      paid to him for a year within the same two year  period; |
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| §   | pay      any unpaid expense reimbursement; |
|--------------------|--------------------------------------------|

| §   | immediately      vest any unvested Company stock options and restricted stock (excluding      all LTIP shares); |
|--------------------|-----------------------------------------------------------------------------------------------------------------|

| §   | pay      any deferred income or retirement compensation and any other benefit      payments due under this or other agreements or  plans; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| §   | make      any other payments or provide any benefits earned under this or other      employment agreement or plan, including the LTIP shares;    and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | continue      coverage under the Company’s health plans at the Company’s cost for the      lesser of 18 months or such period that Mr. Stearns is eligible to      participate in another employer’s healthplan. |
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| o   | Termination by Mr.      Stearns for other than GoodReason. |
|---------------|------------------------------------------------------------|

| ·   | within      thirty following the date of termination, a lump sum equal to his base      salary and bonus earned through the date of termination, except if      termination occurs prior to March 31 of the year of termination, he will      not be entitled to a prorated bonus for that  year; |
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| ·   | any      incentive, deferred or other compensation earned or which has become      payable under the terms of any agreement or compensation or benefit plan,      which has not been paid; |
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| ·   | any      unpaid expense reimbursement; and |
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| ·   | any      other payments for benefits earned but not paid under this or any other      employment agreement or plan. |
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| ·   | Extensions.  The      term of his agreement will be extended for an additional twelve months      beginning on December 31, 2008 and on each successive December 31, unless      either party provides the other party with at least thirty days’ prior      written notice, or unless the agreement has otherwise been terminated in      accordance with its terms. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Minimum Stock      Ownership.  Under the Company’s stock ownership policy      for executive officers, Mr. Brookman is required to own by the fifth      anniversary from the date that he became Senior Vice President of      Exploration and Production of the Company and maintain until his date of      termination Company stock equal in value to two times his base      salary. |
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| ·   | Base      Salary.  Mr. Brookman will receive an annual base salary      of $250,000.  The Compensation Committee will review his base      salary annually. |
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| ·   | Performance      Bonus.  In addition to his base salary, Mr. Brookman will      be eligible to earn an annual performance bonus based upon criteria      established by the CompensationCommittee. |
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| ·   | Recoupment of      Compensation.  If the Company must restate all or a      portion of its financial statements due to the material non-compliance by      the Company with any financial reporting requirement under the securities      laws, the agreement requires Mr. Brookman to reimburse the Company, with      respect to the affected years, for any excess bonus paid to him under the      agreement.  The reimbursements will equal the difference between      the bonus paid to Mr. Brookman for the affected years and the bonus that      would have been paid to him had the financial results been properly      reported. |
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| ·   | Employee      Benefits.  Mr. Brookman will be entitled to participate      in the Company’s various employee benefit plans, including retirement and      pension plans. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Equity Compensation      Grant.  The agreement provides that Mr. Brookman will      participate in the LTECP during the term of his  agreement. |
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| ·   | Succession-Related      Grant.  On the date that Mr. Brookman assumed the      position of Senior Vice President of Exploration and Production, he      received a one-time award of restricted stock equal in value to      $250,000.  The value of these restricted shares (4,956 shares)      was determined by the Company’s compensation consultants and is based on      the average closing price of the Company’s stock for the month of December      2007.  The restricted stock will vest at the rate of 20% for      each complete year worked by Mr. Brookman under his employment agreement,      beginning on January 1, 2008. |
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| ·   | Special Restricted      Stock Grant.  Mr. Brookman will receive 1,500 shares of      restricted stock.  The restricted stock will vest on January 1,      2010, if Mr. Brookman is an employee of the Company on that      date. |
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| ·   | Automobile      Allowance.  During the term of his agreement, Mr.      Brookman will be entitled to an automobile allowance as approved by the      Compensation Committee. |
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| ·   | Restrictive      Covenants.  Mr. Brookman will be bound by his employment      agreement’s provisions regarding the non-disclosure and return of      confidential information; no solicitation of Company employees; and      non-competition with the Company during the term of the agreement and for      two years thereafter. |
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| ·   | Forfeiture      Provisions.  If Mr. Brookman engages in any activity that      violates any covenant or restriction of his employment agreement,      including the confidentiality, non-competition and non-solicitation      provisions: |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | he      will no longer be entitled to any further payments or benefits under the      agreement; |
|---------------|--------------------------------------------------------------------------------------------------|

| o   | all      unexercised stock options, restricted stock and other forms of equity      compensation held by or credited to Mr. Brookman will terminate effective      as of the date on which he engaged in that activity;  and |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | any      exercise, payment or delivery pursuant to any equity compensation award      that occurred within one year prior to the date on which Mr. Brookman      engaged in that activity may be rescinded by the Company; in the event of      a rescission, Mr. Brookman will be required to pay the Company the amount      of any gain realized or payment received as a result of the rescinded      exercise, payment or delivery. |
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| ·   | Termination of the      Agreement.  Termination of the agreement results in      various payments to Mr. Brookman, depending upon the nature of      termination, as summarized below: |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination by the      Company for Just Cause.  Upon termination by the Company      for Just Cause, as defined, the Company will pay Mr. Brookman his base      salary through the date of termination; plus a good faith estimate by the      Company of any unpaid bonus; and any incentive, deferred, or other      compensation and any other benefits which have been earned or have become      payable as of the date oftermination. |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination upon Death      or Disability.  Upon termination of the agreement because      of death or disability, the Company will pay to Mr. Brookman or his estate      his base salary which would have been earned for six months following the      date of termination. |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination by the      Company Without Just Cause; by Mr. Brookman for Good Reason; or by Mr.      Brookman Following a Change of Control.  If the agreement      is terminated by the Company Without Just Cause; by Mr. Brookman for Good      Reason; or by Mr. Brookman following a Change of Control, each as defined      in the agreement, the Company will: |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | pay      to Mr. Brookman a lump sum severance payment equal to two times, and in      the case of a change of control three times, the sum of (x) his highest      base salary during the previous two years of employment immediately      preceding the date of termination, plus (y) the highest bonus paid to him      for a year within the same two yearperiod; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | pay      any unpaid expense reimbursement; |
|--------------------|--------------------------------------------|

| §   | vest      any unvested Company stock options and restricted stock (excluding all      LTIP shares); |
|--------------------|-----------------------------------------------------------------------------------------------------|

| §   | make      any other payments or provide any benefits earned under this or other      employment agreement or plan, including the LTIP shares;    and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | continue      coverage under the Company’s group health plans at the Company’s cost for      the period of time that Mr. Brookman is eligible for federal COBRA health      continuation coverage. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination by Mr.      Brookman for other than Good Reason.  Upon termination of      the agreement by Mr. Brookman for other than Good Reason, the Company will      pay him, within thirty days following the date of termination, a lump sum      equal to his base salary and bonus earned through the date of termination,      except if termination occurs prior to the end of the year, he will not be      entitled to any bonus for that year; any incentive, deferred or other      compensation earned or which has become payable under the terms of any      agreement or compensation or benefit plan, which has not been paid; any      unpaid expense reimbursement; and any other payments for benefits earned      but not paid under this or any other employment agreement or      plan. |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Extensions.  The      term of his agreement will be extended for an additional twelve months      beginning on December 31, 2009 and on each successive December 31, unless      either party provides the other party with at least thirty days’ prior      written notice, or unless the agreement has otherwise been terminated in      accordance with its terms. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Minimum Stock      Ownership.  Under the Company’s stock ownership policy      for executive officers, Mr. Shellum is required to own by the fifth      anniversary of the effective date of his employment (November 11, 2008)      and maintain until his date of termination Company stock equal in value to      two times his base salary. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Base      Salary.  Mr. Shellum will receive an annual base salary      of $235,000.  The Compensation Committee will review his base      salary annually. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Performance      Bonus.  In addition to his base salary, Mr. Shellum will      be entitled to earn an annual performance bonus as determined by the      Compensation Committee.  For 2009, the “target bonus” will be      equal to 50% of his base salary.  Depending upon Mr. Shellum’s      performance, the bonus may be less or more than the target bonus, but not      to exceed 100% of his base salary. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Recoupment of      Compensation.  If the Company must restate all or a      portion of its financial statements due to the material non-compliance by      the Company with any financial reporting requirement under the securities      laws, the agreement requires Mr. Shellum to reimburse the Company, with      respect to the affected years, for any excess bonus paid to him under the      agreement.  The reimbursements will equal the difference between      the bonus paid to Mr. Shellum for the affected years and the bonus that      would have been paid to him had the financial results been properly      reported. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Employee      Benefits.  Mr. Shellum will be entitled to participate in      the Company’s various employee benefit plans, including retirement and      pension plans. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Equity Compensation      Grant.  Upon commencement of his employment, Mr. Shellum      received an award equal in value to $235,000 in the form of restricted      stock (12,240 shares).  The value of these restricted shares was      based on the closing price of the Company’s stock on November 28, 2008      ($19.20).  The restricted stock will vest at the rate of 25% for      each complete year worked by Mr. Shellum under his employment agreement,      beginning on November 11, 2008, and vesting at the rate of 25% on each      successive November 11th. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Commuting      Allowance.  The Company will afford Mr. Shellum a $30,000      allowance through the summer of 2009 for use by him and his family to      encourage weekend visits by him to his Dallas home or to bring his family      to visit him in Bridgeport orDenver. |
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| ·   | Relocation Expense      Reimbursement.  The Company will pay Mr. Shellum for the      costs associated with his move to the Denver area, in connection with the      Company’s relocation of its executive offices to  Denver. |
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| ·   | Automobile      Allowance.  During the term of his agreement, Mr. Shellum      will be entitled to receive an automobile allowance as approved by the      Compensation Committee. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Restrictive      Covenants.  Mr. Shellum will be bound by his employment      agreement's provisions regarding the non-disclosure and return of      confidential information; no solicitation of Company employees; and      non-competition with the Company during the term of the agreement and for      two years thereafter. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Forfeiture      Provisions.  If Mr. Shellum engages in any activity that      violates any covenant or restriction of his employment agreement,      including the confidentiality, non-competition and non-solicitation      provisions: |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | he      will no longer be entitled to any further payments or benefits under the      agreement; |
|---------------|--------------------------------------------------------------------------------------------------|

| o   | all      unexercised stock options, restricted stock and other forms of equity      compensation held by or credited to Mr. Shellum will terminate effective      as of the date on which he engaged in that activity;  and |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | any      exercise, payment or delivery pursuant to any equity compensation award      that occurred within one year prior to the date on which Mr. Shellum      engaged in that activity may be rescinded by the Company; in the event of      a rescission, Mr. Shellum will pay the Company the amount of any gain      realized or payment received as a result of the rescinded exercise,      payment or delivery. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Termination of the      Agreement.  Termination of the agreement results in      various payments to Mr. Shellum, depending upon the nature of termination,      as summarized below: |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination by the      Company for Just Cause.  Upon termination by the Company      for Just Cause, as defined, the Company will pay Mr. Shellum his base      salary through the date of termination; plus a good faith estimate by the      Company of any unpaid bonus; and any incentive, deferred, or other      compensation and any other benefits which have been earned or have become      payable as of the date oftermination. |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination upon Death      or Disability.  Upon termination of the agreement because      of death or disability, the Company will pay to Mr. Shellum or his estate      his base salary which would have been earned for six months following the      date of termination. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination by the      Company Without Just Cause; by Mr. Shellum for Good Reason; or by Mr.      Shellum Following a Change of Control.  If the agreement      is terminated by the Company Without Just Cause; by Mr. Shellum for Good      Reason; or by Mr. Shellum following a Change of Control, each as defined      in the agreement, the Company will: |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | pay      to Mr. Shellum a lump sum severance payment equal to two times, and in the      case of a change of control three times, the sum of (x) his highest base      salary during the previous two years of employment immediately preceding      the date of termination, plus (y) the highest bonus paid to him for a year      within the same two year period; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | pay      any unpaid expense reimbursement; |
|--------------------|--------------------------------------------|

| §   | immediately      vest any unvested Company stock options and restricted stock (excluding      all LTIP shares); |
|--------------------|-----------------------------------------------------------------------------------------------------------------|

| §   | make      any other payments or provide any benefits earned under this or other      employment agreement or plan, including the LTIP shares;    and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | continue      coverage under the Company’s group health plans at the Company’s cost for      the period of time that Mr. Shellum is eligible for federal COBRA health      continuation coverage. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination by Mr.      Shellum for other than Good Reason.  Upon termination of      the agreement by Mr. Shellum for other than Good Reason, the Company will      pay him, within thirty days following the date of termination, a lump sum      equal to his base salary and bonus earned through the date of termination,      except if termination occurs prior to the end of the year, he will not be      entitled to any bonus for that year; any incentive, deferred or other      compensation earned or which has become payable under the terms of any      agreement or compensation or benefit plan, which has not been paid; any      unpaid expense reimbursement; and any other payments for benefits earned      but not paid under this or any other employment agreement or      plan. |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Extensions.  The      term of his agreement will be extended for an additional twelve months      beginning on December 31, 2008 and on each successive December 31, unless      either party provides the other party with at least thirty days’ prior      written notice, or unless the agreement has otherwise been terminated in      accordance with its terms.  Upon a change of control, as      defined, the agreement will automatically be extended for an additional      twenty-four months after the date of the change of  control. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Minimum Stock      Ownership.  Under the Company’s stock ownership policy      for executive officers, Mr. Amidon is required make a good faith effort to      own by the fifth anniversary of the effective date of the agreement and      maintain until his date of termination Company stock equal in value to two      times his base salary. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Base      Salary.  Mr. Amidon will receive an annual base salary of      $227,500.  The Compensation Committee will review his base      salary annually. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Performance      Bonus.  In addition to his base salary, Mr. Amidon will      be entitled to earn an annual performance bonus as determined by the      Compensation Committee.  For 2008, the “target bonus” will be      equal to 50% of his base salary.  Depending upon Mr. Amidon’s      performance, the bonus may be less or more than the target bonus, but not      to exceed 100% of his base salary. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Recoupment of      Compensation.  If the Company must restate all or a      portion of its financial statements due to the material non-compliance by      the Company with any financial reporting requirement under the securities      laws, the agreement requires Mr. Amidon to reimburse the Company, with      respect to the affected years, for any excess bonus paid to him under the      agreement.  The reimbursements will equal the difference between      the bonus paid to Mr. Amidon for the affected years and the bonus that      would have been paid to him had the financial results been properly      reported. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Equity Compensation      Grant.  As of the effective date of the agreement, Mr.      Amidon received an award equal in value to $227,500, of which 50% is in      the form of restricted stock (2,255 shares) and 50% of which is in the      form of LTIP shares (3,698 shares).  The value of these      restricted and LTIP shares was determined by the Company’s compensation      consultants and is based on the average closing price of the Company’s      stock for the month of December 2007.  The restricted stock will      vest at the rate of 25% for each complete year worked by Mr. Amidon under      his employment agreement, beginning on March 7, 2008, and vesting at the      rate of 25% on each successive March 7th.  The      LTIP shares will vest, if at all, only if they satisfy both the timing and      performance targets established by the Compensation Committee in the LTIP      shares documentation. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Succession-Related      Grant.  Under the agreement, Mr. Amidon received a      one-time award of restricted stock equal in value to      $250,000.  The value of these restricted shares (4,956 shares)      was determined by the Company’s compensation consultants and is based on      the average closing price of the Company’s stock for the month of December      2007.  The restricted stock will vest at the rate of 20% for      each complete year worked by Mr. Amidon under his employment agreement,      beginning on January 1, 2008. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Life      Insurance.  The Company will reimburse Mr. Amidon for the      cost of a $1 million life insurance policy, with a person named by him as      owner or beneficiary. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Automobile      Allowance.  During the term of his agreement, Mr. Amidon      will be entitled to the use of a Company automobile or payment of a car      allowance. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Restrictive      Covenants.  Mr. Amidon will be bound by his employment      agreement’s provisions regarding the non-disclosure and return of      confidential information; no solicitation of Company employees; and      non-competition with the Company during the term of the agreement and for      one year thereafter. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Termination of the      Agreement.  Termination of the agreement results in      various payments to Mr. Amidon, depending upon the nature of termination,      as summarized below: |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination by the      Company for Just Cause.  Upon termination by the Company      for Just Cause, as defined, the Company will pay Mr. Amidon his base      salary through the date of termination; plus any bonus accrued but not      paid; and any incentive, deferred, or other compensation and any other      benefits which have been earned or have become payable as of the date of      termination. |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination upon Death      or Disability.  Upon termination of the agreement because      of death or disability, the Company will pay to Mr. Amidon or his estate      his base salary which would have been earned for six months following the      date of termination, plus any performance bonus earned by him prorated for      the period up to the date oftermination. |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination by the      Company Without Just Cause; by Mr. Amidon for Good Reason; or by Mr.      Amidon Following a Change of Control.  If the agreement      is terminated by the Company Without Just Cause; by Mr. Amidon for Good      Reason; or by Mr. Amidon following a Change of Control, each as defined in      the agreement, the Company will: |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | pay      to Mr. Amidon a lump sum severance payment equal to three times the sum of      (x) his highest base salary during the previous two years of employment      immediately preceding the date of termination, plus (y) the highest bonus      paid or payable to him for a year within the same two year      period; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | pay      any unpaid expense reimbursement; |
|--------------------|--------------------------------------------|

| §   | immediately      vest any unvested Company stock options and restricted stock (excluding      all LTIP shares); |
|--------------------|-----------------------------------------------------------------------------------------------------------------|

| §   | pay      any deferred income and any other benefit payments due under this or other      agreements or plans; |
|--------------------|---------------------------------------------------------------------------------------------------------------|

| §   | make      any other payments or provide any benefits earned under this or other      employment agreement or plan, including the LTIP shares;    and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | continue      coverage under the Company’s health plans at the Company’s cost for the      lesser of 18 months or such period that Mr. Amidon is eligible to      participate in another employer’s healthplan. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination by Mr.      Amidon for other than Good Reason.  Upon termination of      the agreement by Mr. Amidon for other than Good Reason, the Company will      pay him, within thirty days following the date of termination, a lump sum      equal to his base salary and bonus earned through the date of termination,      except if termination occurs prior to March 31 of the year of termination,      he will not be entitled to a prorated bonus for that year; any incentive,      deferred or other compensation earned or which has become payable under      the terms of any agreement or compensation or benefit plan, which has not      been paid; any unpaid expense reimbursement; and any other payments for      benefits earned but not paid under this or any other employment agreement      or plan. |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Extensions.  The      term of his agreement will be extended for an additional twelve months      beginning on December 31, 2008 and on each successive December 31, unless      either party provides the other party with at least thirty days’ prior      written notice, or unless the agreement has otherwise been terminated in      accordance with its terms.  Upon a change of control, as      defined, the agreement will automatically be extended for an additional      twenty-four months after the date of the change of  control. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Minimum Stock      Ownership.  Under the Company’s stock ownership policy      for executive officers, Mr. Stump is required to own by the fifth      anniversary of the effective date of the executive stock ownership policy      (March 9, 2004) and maintain until his date of termination Company stock      equal in value to two times his basesalary. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Base      Salary.  Mr. Stump will receive an annual base salary of      $227,500.  The Compensation Committee will review his base      salary annually. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Performance      Bonus.  In addition to his base salary, Mr. Stump will be      entitled to earn an annual performance bonus, the amount of which will be      in the discretion of the CompensationCommittee. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Recoupment of      Compensation.  If the Company must restate all or a      portion of its financial statements due to the material non-compliance by      the Company with any financial reporting requirement under the securities      laws, the agreement requires Mr. Stump to reimburse the Company, with      respect to the affected years, for any excess bonus paid to him under the      agreement.  The reimbursements will equal the difference between      the bonus paid to Mr. Stump for the affected years and the bonus that      would have been paid to him had the financial results been properly      reported. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Retirement      Compensation.  Mr. Stump’s retirement compensation will      be the same as was disclosed in the Company’s proxy statement for its      annual meeting of shareholders held on June 23,  2008. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Equity Compensation      Grant.  The agreement provides that Mr. Stump will be      eligible to earn equity compensation during the term of his agreement, at      the discretion of the Board ofDirectors. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Life      Insurance.  The Company will reimburse Mr. Stump for the      cost of a $1 million life insurance policy, with a person named by him as      owner or beneficiary. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Automobile      Allowance.  During the term of his agreement, Mr. Stump      will be entitled to the use of a Company automobile or payment of a car      allowance. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Restrictive      Covenants.  Mr. Stump will be bound by his employment      agreement’s provisions regarding the non-disclosure and return of      confidential information; no solicitation of Company employees; and      non-competition with the Company during the term of the agreement and for      one year thereafter. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Termination of the      Agreement.  Termination of the agreement results in      various payments to Mr. Stump, depending upon the nature of termination,      as summarized below: |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination by the      Company for Just Cause.  Upon termination by the Company      for Just Cause, as defined, the Company will pay Mr. Stump his base salary      through the date of termination; plus any bonus accrued but not paid; and      any incentive, deferred, or other compensation and any other benefits      which have been earned or have become payable as of the date of      termination. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination upon Death      or Disability.  Upon termination of the agreement because      of death or disability, the Company will pay to Mr. Stump or his estate      his base salary which would have been earned for six months following the      date of termination plus any performance bonus earned by him prorated for      the period up to the date oftermination. |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination by the      Company Without Just Cause; by Mr. Stump for Good Reason; or by Mr. Stump      Following a Change of Control.  If the agreement is      terminated by the Company Without Just Cause or by Mr. Stump for Good      Reason or by Mr. Stump following a Change of Control, each as defined in      the agreement, the Company will: |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | pay      to Mr. Stump a lump sum severance payment equal to three times the sum of      (x) his highest base salary during the previous two years of employment      immediately preceding the date of termination, plus (y) the highest bonus      paid to him for a year within the same two year  period; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | pay      any unpaid expense reimbursement; |
|--------------------|--------------------------------------------|

| §   | immediately      vest any unvested Company stock options and restricted stock (excluding      all LTIP shares); |
|--------------------|-----------------------------------------------------------------------------------------------------------------|

| §   | pay      any deferred income or retirement compensation and any other benefit      payments due under this or other agreements or  plans; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| §   | make      any other payments or provide any benefits earned under this or other      employment agreement or plan, including the LTIP shares;    and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | continue      coverage under the Company’s health plans at the Company’s cost for the      lesser of 18 months or such period that Mr. Stump is eligible to      participate in another employer’s healthplan. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Termination by Mr.      Stump for other than Good Reason.  Upon termination of      the agreement by Mr. Stump for other than Good Reason, the Company will      pay him, within thirty days following the date of termination, a lump sum      equal to his base salary and bonus earned through the date of termination,      except if termination occurs prior to March 31 of the year of termination,      he will not be entitled to a prorated bonus for that year; any incentive,      deferred or other compensation earned or which has become payable under      the terms of any agreement or compensation or benefit plan, which has not      been paid; any unpaid expense reimbursement; and any other payments for      benefits earned but not paid under this or any other employment agreement      or plan. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| By     | /s/      Richard W. McCullough             |
|--------|--------------------------------------------|
|   | Richard      W. McCullough                 |
|   | Chief      Executive Officer and President |