L.P. A.A.P.L. FORM
610 - 1989 MODEL FORM OPERATING AGREEMENT OPERATING AGREEMENT DATED January7 ,
2008 , year OPERATOR Reef Exploration, LP CONTRACT AREA Dean Unit, Dean "B" Unit
and Dean "K" Lease, as more fully Described in Exhibit "A" hereto. ,'. COUNTY
Cochran , STATE OF Texas COPYRIGHT 1989 - ALL RIGHTS RESERVED AMERICAN
ASSOCIATION OF PETROLEUM LANDMEN, 4100 FOSSIL CREEK BLVD. FORT WORTH, TEXAS,
T6137, APPROVED FORM. A.A.P.L Nc1.)s1o - 19s9
[g133791la07i002.gif]
A.A.P.L. FOR.M 610 - MODEL FORM OPERATING AGREEMENT - 1989 VI. VII. VIII. , c.
EMPLOYEES AND CONTRACTORS: _AC'j QUISITION, MAINTENANCE OR TRANSFER OF INTEREST
TABLE OF CONTENTS I Bile DEFINITIONS EXHIBITS INTERESTS OF PARTIES ~ C.
SUBSEQUENTLY CREATED INTEREST TITLES A. TITLE EXAMINATION: B. ~ I' T: 'I €'T"el
H '3 Y 1. m o . 1: n . m .n . , , W nu u-us 3. Other-Losses. /1 F'. ' 'T"o1 I 5
OPERATOR A. DESIGNATION AND RESPONSIBILITIES OF OPERATOR B. RESIGNATION OR
REMOVAL OF OPERATOR AND SELECTIO 1. Resignation or Removal of Operator 2.
Selection of Successor Operator 3. Effect ofBankruptcy ~ D. RIGHTS AND DUTIES OF
OPERATOR . Competitive Rates and Use of Affiliate . Discharge of Joint Account
Obligations . Protection fi'O)'fl Liens . . Custody ofFunds Access to Contract
Area and Records . Filing and Furnishing Governmental Report Drilling and
Testing Operations . Cost Estimates . Insurance DRILLING AND DEVELOPMENT A.
INITIAL WELL: B. SUBSEQUENT OPERATIONS: 1. Proposed Operations . Operations by
Less Than All Parties. \aoo_\)a\f.;:->bJt\)" - - 2 3 4. 5. 4 -1 a O C. C
I\/IPLETBION OF 1. Completion 1_ 1: " l'D 6 'D1 . 'OTHER OPERATIONS:. D
xnx/'mm/n:\r'r*n1:*\'r 1_ AL A -1' A1. A WU A $1': I U' I . r\rrn'r1 .u D A A O
-CRVI' nf' A" 'QINEW 9' F_ T_gPn/irm Twnxv rm mag? A 'rWr\Mc-. G. TAKING
PRODUCTION IN KIND: (Option 1) Gas Balancing Agreement. (Option 2) No Gas
Balancing Agreemen EXPENDITURES AND LIABILITY OF P A. LIABILITY OF PARTIES: B.
LIENS AND SECURITY INTEREST C. ADVANCES: D. DEFAULTS AND REMEDIES" 1. Suspension
of Rights 2. Suit for Damages. 3. Deemed Non-Consen 4. Advance Payment. 5. Costs
and Attorneys E. RENTALS, SHUT-IN WELL PAYMENTS AND MINIMUM ROYALTIE F. TAXES:
'. - .r"'u. " ~~ ~ A. SURRENDER OF LEASES: B. RENEWAL OR EXTENSION OF LEASES C.
ACREAGE OR CASH CONTRIBUTIONS: -u _._.H.___a___,-_, lg
Aa>-J:-h-wLut.:uu.uuaL"r~:NN" - ->->-oo>3::nxosxoxo:>:>>:>4>~.t>-r>.aaum.2.:wNNtuI~:u~:> - > - -a
[g133791la07i003.gif]
A.A.P.L. FORM 610 - MODEL FORM OPERATING AGREEMENT - 1989 Eggfixfi TABLE OF
CONTENTS D. ASSIGNMENT; MAINTENANCE OF UNIFORM INTEREST' E. WAIVER OF RIGHTS T0
PARTITION: . c_ AY nmu-r ~r~n mmnu A on INTERNAL REVENUE CODE
ELECTION CLAIMS AND LAWSUIT FORCE MAJ EURE NOTICES TERM OF AGREEMENT COMPLIANCE
WITH LAWS AND REGULATIONS A. LAWS, REGULATIONS AND ORDER B. GOVERNING LAW: C.
REGULATORY AGENCIES. MISCELLANEOUS A. EXECUTION: . B. SUCCESSORS AND ASSIGN C.
COUNTERPARTS: D. SEVERABILITY OTHER PROVISION ~~~ ~ L-; - -:4 " - -; - -:_- L
\I\l\l\I\I\lO\O\O\O\O\O\O\LIItII IILIIUI
[g133791la07i004.gif]
'Ir$G'EG'5'_"1'Erooeero.ur4:.mle- - Z t.r_. ore N :3 N" "km buwumm Otcoaxloim 4 l
42 43 44 45 46 47 48 Lltkhvillxkll-5 a>mt.r._oro 55 56